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Econ Chapter 4 Test
Created by jrogers
- 1. Elasticity of demand
- 2. elastic
- 3. total revenue
- 4. inelastic
- 5. unit elastic
- a. is the measure of how reponsive consumers are to price changes
- b. a company's income form selling it products
- c. if quantity demended changes significantlly as price changes
- d. if quannity demanded changes little as price changes
- e. when the perentage change in price and quanitiy demanded are the same
Name: ___________________________________
Date: ___________________________________
Date: ___________________________________
Econ Chapter 4 Test (Answer Key)
Created by jrogers
- a 1. Elasticity of demand
- c 2. elastic
- b 3. total revenue
- d 4. inelastic
- e 5. unit elastic
- a. is the measure of how reponsive consumers are to price changes
- b. a company's income form selling it products
- c. if quantity demended changes significantlly as price changes
- d. if quannity demanded changes little as price changes
- e. when the perentage change in price and quanitiy demanded are the same
When you're ready to print, just click this button: Make Print-Friendly