Price elasticity of demand quiz

Calculate and interpret price elasticity of demand, and see how it links to revenue and substitutes. Use it for revision, or run it live with your class or team.

Level: Higher education
Subject: Economics
Category: Economics
Format: Pick Answer
Questions: 10
Time: About 5 min

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What's inside

10 Pick Answer questions
Instant feedback after every answer
Works on any phone, tablet or laptop

First questions

How is price elasticity of demand calculated?
If demand is price elastic, what happens to total revenue when the price rises?
If demand is price inelastic, what happens to total revenue when the price rises?

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