Price Elasticity of Supply Teacher Resources
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Chapter 20: Demand and Supply (Elasticities and Government-Set Prices)
10th - 12th
Discussing first the elasticity of demand and then the element of supply, these slides present graphs and bullet points that would easily supplement your economics lecture. Viewers will appreciate the pacing of the slides, making it easy...
Elasticity of Demand Coefficients (Cross-Price and Income Elasticity)
7 mins 11th - 12th CCSS: Adaptable
What is the difference between elastic and inelastic demands? Review these concepts, as well as cross prices, elasticity of supply, and income elasticity, with your class members after taking a look at this video.
Battle Behind the Pumps - Exploring Supply & Demand
10th - 12th CCSS: Adaptable
After considering the role that gasoline plays in our lives and our dependence on it as a society, learners participate in a reading activity discussing why the price of oil is increasing. They will then simulate being members of a...
Price Controls, Subsidies, and the Risks of Good Intentions
10 mins 9th - 12th CCSS: Adaptable
When prices get too high, the government should put price controls in place, right? Not necessarily. A video from Crash Course Economics explains how price controls can affect the equilibrium price of a product, and potentially lead to a...
What's the Big Deal about Spices?
6th - 8th CCSS: Adaptable
New ReviewToday's gourmands don't consider spices to be the equivalent of silver and gold. During the middle ages, however, these commodities were precious. People back then used spices in religious ceremonies, to cure rotten food, and as a show...
Marginal Analysis, Roller Coasters, Elasticity, and Van Gogh
12 mins 9th - 12th
Businesses really do care about your happiness and satisfaction—as long it's higher than their marginal cost. Discover how relative scarcity, marginal utility, and the subjective tastes of consumers determine the price a business places...
Labor Markets and Minimum Wage
11 mins 9th - 12th CCSS: Adaptable
Can raising the minimum wage lead to unemployment? Young economists watch a rapid-paced video from Crash Course Economics to learn about supply and demand in the labor market and the ways that the minimum wage can both stimulate economic...
Price Controls: Prescribed Drugs in North America
9th - 12th
Young scholars examine the nature of price controls, the impact of maximum prices below the equilibrium level on a market, the effect it can have on other markets, the requirements for effective price discrimination in a market, and the...