Print Options

Card layout: ?

← Back to notecard set|Easy Notecards home page

Instructions for Side by Side Printing
  1. Print the notecards
  2. Fold each page in half along the solid vertical line
  3. Cut out the notecards by cutting along each horizontal dotted line
  4. Optional: Glue, tape or staple the ends of each notecard together
  1. Verify Front of pages is selected for Viewing and print the front of the notecards
  2. Select Back of pages for Viewing and print the back of the notecards
    NOTE: Since the back of the pages are printed in reverse order (last page is printed first), keep the pages in the same order as they were after Step 1. Also, be sure to feed the pages in the same direction as you did in Step 1.
  3. Cut out the notecards by cutting along each horizontal and vertical dotted line
To print: Ctrl+PPrint as a list

5 notecards = 2 pages (4 cards per page)

Viewing:

ECON 1

front 1

When Joe's Gas raises its price for regular unleaded gasoline, total revenue from regular unleaded
gas falls to zero. It must be the case that
A) the demand for Joe's regular unleaded gasoline is perfectly elastic.
B) the demand for Joe's regular unleaded is inelastic.
C) there are not many good substitutes for Joe's regular unleaded gasoline.
D) consumers are switching to premium grades of gasoline

back 1

A

front 2

Diet Coke is a close substitute for Diet Pepsi. When Coca-Cola introduced Diet Coke in 1982, the
price elasticity of demand for Diet Pepsi ______ and PepsiCo's ability to raise revenues through price
increases ______.
A) increased; was reduced
B) increased; increased
C) decreased; was reduced
D) had no effect; was reduced

back 2

A

front 3

If the elasticity of demand for the latest Taylor Swift album is 1.4, this means
A) few substitutes for the her latest album exist.
B) a 1 percent increase in the price leads to a 14 percent decrease in quantity demanded.
C) a 10 percent decrease in the price leads to a 140 percent increase in quantity demanded.
D) a 5 percent increase in the price leads to a 7 percent decrease in quantity demanded

back 3

D

front 4

All else equal, compared to small-budget items such as paper towels, the price elasticity of
demand for big-ticket items such as refrigerators is
A) more elastic
B) unit elastic
C) more inelastic
D) has no effect on the own-price elasticity of demand

back 4

A

front 5

back 5

no data