Unit Test

Question 1

X inelasticelastic

Revolt · Accepted Answer

elastic

Question 2

✔ inelasticelastic

Revolt · Accepted Answer

inelastic

Question 3

inelasticX elastic

Revolt · Accepted Answer

inelastic

Question 4

If the price of a want goes up, people tend to buy .

Revolt · Accepted Answer

less than before

Question 5

inelastic✔ elastic

Revolt · Accepted Answer

✔ elastic; If the quantity demanded of a good changes drastically when the price changes, the good is relatively .: elastic; If the quantity demanded of a good does not change much when the price changes, the good is relatively .: inelastic; Based on this graph, the good being shown is most likely .: inelastic

Question 6

✔ inelasticelastic

Revolt · Accepted Answer

✔ inelastic

Question 7

✔ inelasticX elastic

Revolt · Accepted Answer

✔ inelastic

Unit Test Answers

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