We found 7 resources with the keyterm elastic demand
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Gasoline prices garner a lot of attention in the United States. What can explain a temporary decline in gasoline consumption, and how do gasoline prices spur innovation in the energy and automotive industries?
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...
Taking your young economists through the characteristics of four market models (Pure Competition, Pure Monopoly, Oligopoly, and Monopolistic Competition), this presentation uses both charts and graphs to illustrate the necessary...
High schoolers explore the current economy and determine what items will or will not sell in a poor economy and why. After researching aspects of the current economy, reviewing a provided case study, completing the provided worksheet,...
In this Elasticity Coefficients learning exercise, students read background, analyze sample problems (formulas and equations), solve their own problems, and answer questions.