Video Quiz

https://criticalcommons.org/view?m=5pYgDrYL9

Question 1. At the beginning of the video, what was the Price of an Elephant Ride?

Question 2. After watching the clip we can say that the demand for Elephant Rides was INELASTIC.

Group of answer choices

True

False

Question 3

Based on the elasticity of demand, what happened to the demand for elephant rides after Homer Simpson increased the Price of Elephant Rides to $500

Group of answer choices

Demand was inelastic, so no children wanted elephant rides after the price went up

Demand was inelastic, so more children wanted to have elephant rides after the price went up

Demand was elastic, so more children wanted elephant rides after the price went up

Demand was elastic, so no children wanted elephant rides after the price went up