Price Elasticity Scenarios quiz sharpens your command of pricing levers. Test yourself and see how each tactic influences revenue.
A product with elasticity of −0.2 is considered ______.
unit elastic
perfectly elastic
inelastic
elastic
If revenue falls after a price increase, demand was likely ______.
unitary (=1)
perfectly inelastic
elastic (>1)
inelastic (<1)
Cross‑elasticity between butter and margarine is positive, indicating they are ______.
unrelated goods
substitutes
Giffen goods
complements
Bundle discounts often reduce observed elasticity by adding ______ value.
perceived
marginal cost
sunk
switching
Luxury brands keep demand inelastic through ______ scarcity cues.
artificial
technological
geographical
supply‑chain
Dynamic apps measure micro‑elasticity across ______ segments daily.
SKU
cohort
POS
DSP
When price drops lead to higher total costs due to capacity strain, elasticity calculations must include ______ cost effects.
marginal
fixed
sunk
opportunity
Subscription services boost retention by lowering annual plan price, banking on elasticity over ______ horizon.
contract
trial
impression
session
Price ceilings on essential drugs assume demand is ______.
perfectly inelastic
price sensitive for insurers
infinite elastic
unitary for patients
An elasticity of −1 indicates total revenue will ______ if price changes.
stay the same
collapse
decrease
increase
Starter
Pricing basics still feel new—keep practicing.
Solid
You understand most moves; refine the edge cases.
Expert!
You wield price psychology like a pro.
Diving into Price Elasticity Scenarios Interview Questions helps you anticipate how demand shifts when prices change. Begin with our marketing mix interview questions guide to see where elasticity fits into your broader strategy. Then explore the physical evidence cues quiz, test your framework knowledge with the pricing objectives match interview questions, and sharpen your insights through the psychological pricing tricks question set. Working through these interview questions will boost your confidence when discussing real-world pricing dynamics.
