问题


There is a single choice question about high school microeconomics. Answer the question by replying A, B, C or D.
Question: When price elasticity of demand is greater than 1, demand is
A. perfectly inelastic.
B. elastic.
C. inelastic.
D. unit elastic.
Answer:

答案

模型 模型答案 正确答案
金声玉亮2.0

B. elastic.

When the price elasticity of demand is greater than 1, it means that the percentage change in quantity demanded is greater than the percentage change in price. This indicates that demand is elastic, meaning that consumers are highly responsive to changes in price.
B
deepseekr1

The price elasticity of demand (PED) measures the responsiveness of quantity demanded to a price change. When PED > 1, the percentage change in quantity demanded exceeds the percentage change in price, indicating **elastic** demand. This eliminates options A (perfectly inelastic, PED = 0), C (inelastic, PED < 1), and D (unit elastic, PED = 1). The correct answer is **B. elastic**.

Answer: B
B
gpto1 B B
GPT-4o B. elastic. B
llama3.1-70B-Instruct

B
B
llama3.1-405B-Instruct

B. elastic.

When the price elasticity of demand is greater than 1, it means that the percentage change in quantity demanded is greater than the percentage change in price. This indicates that demand is elastic, meaning that consumers are highly responsive to changes in price.
B
DeepSeek-Coder-V2 B. elastic. B
Qwen2-72B-Instruct B. elastic. B
baichuan4 B. elastic. B
doubao B

When the price elasticity of demand is greater than 1, it indicates that the percentage change in quantity demanded is greater than the percentage change in price, which means demand is elastic.
B
minimax B. elastic. B
kimi B. elastic. B
wenxinyiyan B. elastic.

When the price elasticity of demand is greater than 1, it means that the percentage change in the quantity demanded of a good or service is greater than the percentage change in its price. This indicates that demand is relatively sensitive to price changes, and thus, demand is considered elastic.
B
zhipu B. elastic.

When the price elasticity of demand is greater than 1, it indicates that the demand is elastic, meaning that consumers are relatively responsive to price changes. This results in a proportionally larger change in quantity demanded compared to the change in price.
B
gpto1 B B