Question 1
In Dutch VWO Economie, what does the price elasticity of demand (Ev) measure?
Correct Answer:
The percentage change in quantity demanded divided by the percentage change in price
Question 2
A smartphone manufacturer raises prices from €100 to €120 (+20%). As a result, quantity demanded falls from 500 units to 400 units (-20%). What is the price elasticity of demand?
Correct Answer:
-1.0
Question 3
If cross-price elasticity of demand between Good X and Good Y is +1.5, what is the economic relationship between these two goods?
Correct Answer:
They are substitute goods
Question 4
A market has demand equation Qd = 120 − 2P and supply equation Qs = 3P. What is the value of consumer surplus at market equilibrium?
Correct Answer:
€1,296
Question 5
Using the same market model (Qd = 120 − 2P and Qs = 3P with P* = €24 and Q* = 72), what is the value of producer surplus?
Correct Answer:
€864
Question 1
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Prepare with the VWO Economie Practice Questions - Netherlands VWO Economie - Centraal Examen and Schoolexamen practice quiz. This question bank includes 100 questions covering firm, price, interest, market, and game. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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VWO Economie Practice Questions - Netherlands VWO Economie - Centraal Examen and Schoolexamen

This practice set contains 100 questions from the matching question bank and focuses on firm, price, interest, market, and game. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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