Jeopardy-style economics questions

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Reference no: EM1353054

Jeopardy-Style Economics Questions

Find the question for each of the answers that follow:

1. Measures the responsiveness of quality demanded given a change in price

2. Price and total avenue are directly related

3. Quantity demanded changes by 20 percent if price changes by 10 percent

4. There is no change in quantity demanded a prices changes.

5. The number of substitutes, the percentage of one's budget spent on the good, and time (since the change in price)

6. Price of one good rises and quantity demanded for another good rises.

7. In either of these cases, the tax placed on the seller is fully paid the buyer.

Reference no: EM1353054

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