ECON R5
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | greater than the percentage change in price
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| show | False
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| show | decrease the quantity of Wendy's hamburgers demanded by a relatively large amount.
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| In general, the demand for a good will be _________ elastic the ___________ the share of the good in the average consumer's budget. | show 🗑
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| If the demand for orange juice is elastic , will an increase in the price of orange juice increase or decrease the revenue received by orange juice sellers? If the price of orange juice increase, revenue will | show 🗑
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| show | elastic
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| show | positive
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| show | the supply of parking will be more inelastic and the price of parking will increase by a relatively large amount the night of the game.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
cupcake1010