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Price Elasticity: From Tires to Toothpicks

Young scholars define price elasticity of demand, and examine the factors that determine whether the price elasticity of demand is elastic or inelastic. They compare/contrast the elasticities of various goods and calculate the price elasticity of a product.

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Resource Details

Grade
9th - 12th
Subjects
Social Studies & History
1 more...
Resource Type
Lesson Plans
Year
2004
Included Materials
  • Project