India Quiz
A short quiz to accompany the following Twitter thread: https://twitter.com/anthonyjevans/status/993918866186297349
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An Economist’s Passage to India
Please enter your group number/team name: *
1. How much revenue would Apple have missed out on if they’d have sold the same number of iPods but at the average market price? (give your answer to the nearest million) *
1 point
2. How much do you think I paid for In Rainbows? *
3. If the bridge sets a price equal to their marginal cost, how much would they have to charge? *
1 point
4. What is the implied price elasticity for tourists at Humayun's Tomb? *
1 point
5. If the price for tourists rises by 25%, what happens to revenue? *
1 point
6. If the price for locals rises by 25%, what happens to revenue? *
1 point
7. The impact of a price change on revenue is driven by the price ______? *
1 point
8. What’s my suggestion for the visitor centre? *
1 point
9. What’s the guide’s suggestion? *
1 point
10. If bookings have fallen during a recession, what type of good are Virgin flights? *
1 point
11. If BA cut their price and the demand for Virgin flights falls, what is the relationship between those goods? *
1 point
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