PREMIUM LOGIN

ClassTools Premium membership gives access to all templates, no advertisements, personal branding and other benefits!

Username:    
Password:    
Submit Cancel

 
Not a member? JOIN NOW!  

QR Challenge: Supply and Demand

Created using the ClassTools QR Treasure Hunt Generator

Print

Create a New QuizEdit this quiz View a Sample Quiz
Detailed Case Study Search the Archive Feedback

Teacher Notes

A. Prior to the lesson:

1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.

2. If their phone camera doesn't automatically detect and decode QR codes, ask students to

3. Print out the QR codes.

4. Cut them out and place them around your class / school.

B. The lesson:

1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.

2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.

3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!

C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.

Questions / Answers (teacher reference)

Question

Answer

1. If the price elasticity of demand is equal to 4, a 1% increase in price will cause the quantity demanded toDecrease
2. If the price elasticity of demand is equal to 4, a 1% increase in price will cause the quantity demanded to decrease by what percentage value?4%
3. True or False:Slope and elasticity measure the same thingsFalse
4. True or False:Price elasticity of demand will vary depending on how price and quantity are measuredFalse
5. True or False:It is important to know whether the price elasticity of demand is a positive or negative numberFalse
6. True or False:The slope of a demand curve does not tell us the price elasticity of demandTrue
7. Price elasticity is the same everywhere along a demand curve of any shapeFalse
8. When the demand curve is a vertical line, demand isPerfectly Inelastic
9. True or False:If a product has an inelastic demand,then consumers are relatively insensitive to a change in the price of the productTrue

 


Supply and Demand: QR Challenge

https://www.classtools.net/QR/decode.php?text=If-the-price-elasticity-of-demand-is-equal-to-4,-a-1%-increase-in-price-will-cause-the-quantity-demanded-to

Question 1 (of 9)

 


Supply and Demand: QR Challenge

https://www.classtools.net/QR/decode.php?text=If-the-price-elasticity-of-demand-is-equal-to-4,-a-1%-increase-in-price-will-cause-the-quantity-demanded-to-decrease-by-what-percentage-value?

Question 2 (of 9)

 


Supply and Demand: QR Challenge

https://www.classtools.net/QR/decode.php?text=True-or-False:Slope-and-elasticity-measure-the-same-things

Question 3 (of 9)

 


Supply and Demand: QR Challenge

https://www.classtools.net/QR/decode.php?text=True-or-False:Price-elasticity-of-demand-will-vary-depending-on-how-price-and-quantity-are-measured

Question 4 (of 9)

 


Supply and Demand: QR Challenge

https://www.classtools.net/QR/decode.php?text=True-or-False:It-is-important-to-know-whether-the-price-elasticity-of-demand-is-a-positive-or-negative-number

Question 5 (of 9)

 


Supply and Demand: QR Challenge

https://www.classtools.net/QR/decode.php?text=True-or-False:The-slope-of-a-demand-curve-does-not-tell-us-the-price-elasticity-of-demand

Question 6 (of 9)

 


Supply and Demand: QR Challenge

https://www.classtools.net/QR/decode.php?text=Price-elasticity-is-the-same-everywhere-along-a-demand-curve-of-any-shape

Question 7 (of 9)

 


Supply and Demand: QR Challenge

https://www.classtools.net/QR/decode.php?text=When-the-demand-curve-is-a-vertical-line, demand-is

Question 8 (of 9)

 


Supply and Demand: QR Challenge

https://www.classtools.net/QR/decode.php?text=True-or-False:If-a-product-has-an-inelastic-demand,then-consumers-are-relatively-insensitive-to-a-change-in-the-price-of-the-product

Question 9 (of 9)