G10 T1 Price Elasticity Demand

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Slide 1: Diapositive
Business StudiesSecondary Education

Cette leçon contient 29 diapositives, avec quiz interactifs et diapositives de texte.

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Slide 1 - Diapositive

Slide 2 - Diapositive

Slide 3 - Diapositive

Slide 4 - Diapositive

Slide 5 - Diapositive

What is the selling price of this product? 
timer
0:30

Slide 6 - Diapositive

73.00 AED

Slide 7 - Diapositive

What is the selling price of this product? 
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0:30

Slide 8 - Diapositive

460 AED

Slide 9 - Diapositive

What is the selling price of this product? 
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0:30

Slide 10 - Diapositive

80 AED

Slide 11 - Diapositive

What is the selling price of this product? 
timer
0:30

Slide 12 - Diapositive

216 AED

Slide 13 - Diapositive

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Slide 15 - Diapositive

The Demand curve shows that low price means lower demand.
A
true
B
false
C
-
D
-

Slide 16 - Quiz

What is Price Elasticity Demand used for?
A
For businesses to check how demand changes when the price is changed
B
For businesses to calculate the effect of demand on high price.
C
-
D
-

Slide 17 - Quiz

Slide 18 - Diapositive

What are substitutes?
A
Products that satisfy customer demand needs.
B
Products that satisfy the needs and wants as another product.
C
Products that effect demand as other products.
D
-

Slide 19 - Quiz

Slide 20 - Diapositive

Inelastic means customer demand doesn't react a lot to price changes.
A
true
B
false
C
-
D
-

Slide 21 - Quiz

A value equal to 1 means the product is...
A
elastic
B
inelastic
C
unitary elastic

Slide 22 - Quiz

A value less than 1 means the product is...
A
elastic
B
inelastic
C
unitary elastic

Slide 23 - Quiz

Slide 24 - Diapositive

Alia sells hand-made soaps in Ajman City Centre.
% change in quantity demand: increased 30%
% change in price: decreased 10%
A
0.3
B
3
C
3.1

Slide 25 - Quiz

According to the PED calculation, Alia's products are...
A
elastic
B
inelastic
C
unitary elastic

Slide 26 - Quiz

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Slide 29 - Diapositive