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Demonstration of SelfTest Questions
Table of Contents
Multichoice
Multi Response
Matching
Text entry
Gapfill
Using images in questions
Using an image in the question text
Using images as answers
Using an image in feedback
Converting old-style questions
Using images as answers
1
Elasticity - diagrams
Examine the sketches below. Which diagram represents a product with a price elasticity of -1.0?
a)
b)
c)
d)
Please select an answer
No. This shows an inelastic demand function.
Yes, that funny curve again. Where does the name - rectangular hyperbola - come from?
No, this shows a very elastic demand function.
No, this shows a product with a price elasticity of zero. Same demand irrespective of price.
