Exam (elaborations)

ECS1501 ASSESSMENT 6 2024 What does the price elasticity of demand measure? a. how sensitive the quantity demanded of a good is to changes in income b. the slope of the demand curve c. the responsiveness of the quantity demanded of a good to changes in th

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Course
Economics IA (ECS1501)

Institution
University Of South Africa (Unisa)

ECS1501 ASSESSMENT 6 2024 What does the price elasticity of demand measure? a. how sensitive the quantity demanded of a good is to changes in income b. the slope of the demand curve c. the responsiveness of the quantity demanded of a good to changes in the price of the good d. how sensitive th...

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Uploaded on August 7, 2024
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economics ia ecs1501

Institution
University of South Africa (Unisa)
Course
Economics IA (ECS1501)

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,8/6/24, 1:46 PM Assessment 6 (page 1 of 4)

ECS1501-24-Y  Assessments  Assessment 6

QUIZ

Question 1

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, 8/7/24, 6:17 PM Assessment 6 (page 2 of 4)

ECS1501-24-Y  Assessments  Assessment 6

QUIZ

Question 2

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What does the price elasticity of demand measure?

how sensitive the quantity demanded of a good is to changes in income

the slope of the demand curve

the responsiveness of the quantity demanded of a good to changes in the price of the good

how sensitive the price is to changes in the quantity demanded

Clear my choice

Question 3
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What happens to the price elasticity of the demand for coal when the quantity of coal demanded is measured in kilograms
instead of tons?

The price elasticity will be less elastic.

The price elasticity will be neither more nor less elastic.

The price elasticity will be undefined.

The price elasticity will be more elastic.

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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20670618&cmid=869197&page=1 1/2

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Exam (elaborations)

ECS1501 ASSESSMENT 6 2024 What does the price elasticity of demand measure? a. how sensitive the quantity demanded of a good is to changes in income b. the slope of the demand curve c. the responsiveness of the quantity demanded of a good to changes in th

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