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WGU D089 PRINCIPLES OF ECONOMICS EXAM SCRIPT 2026 COMPLETE QUESTIONS AND SOLUTIONS 100% CORRECT

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WGU D089 PRINCIPLES OF ECONOMICS EXAM SCRIPT 2026 COMPLETE QUESTIONS AND SOLUTIONS 100% CORRECT

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WGU D089 PRINCIPLES OF ECONOMICS
EXAM SCRIPT 2026 COMPLETE QUESTIONS
AND SOLUTIONS 100% CORRECT

◉ Elasticity of Demand. Answer: ed= % of change in Quantity / % of
change in Price


◉ Elasticity of Supply. Answer: es= % of change in Quanity / % of
change in Price


◉ Elastic. Answer: ed or es > 1


◉ Unit Elastic. Answer: ed or es = 1


◉ Inelastic. Answer: ed or es <1


◉ Total Revenue. Answer: = Price x Quantity


◉ Accounting Profit. Answer: = Total Revenue - Explicit Costs


◉ Economic Revenue. Answer: = Total Revenue - Explicit Costs -
Implicit Costs

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