Tackle the Test: Free-Response Questions

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  1. Question

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    Draw a correctly labeled graph of a perfectly inelastic demand curve.

    Rubric for FRQ 1 (5 points)

    image

    1 point: A graph with “Price” (or “P”) on the vertical axis, “Quantity” (or “Q”) on the horizontal axis, and a vertical line labeled “Demand” (or “D”)

    1 point: Zero

    1 point: Infinite or undefined

    1 point: Necessity

    1 point: Since you have to have a necessity (such as a life-saving medicine), you do not change the quantity you purchase when the price changes.

  2. Question

    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
    Draw a correctly labeled graph illustrating a demand curve that is a straight line and is neither perfectly elastic nor perfectly inelastic.