When prices go up in an elastic demand curve, what happens to total revenue? Your young economists will learn about this concept as they watch an engaging and informative speaker illustrate what happens through drawing different graphs.

Additional Tags

total expenditures test, inelastic demand curve, elastic demand curve, social studies

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Classroom Considerations

• Learners should have foundational knowledge of elasticity and inelasticity
• Instructor mentions AP testing a few times and gears his video toward those motivated by passing the test

• This video is hosted on YouTube

Pros

• Emphasizes the importance of drawing graphs to help yourself understand concept
• Includes a helpful mnemonic toward the end of the video to help viewers remember the content

Cons

• None

Common Core

RH.11-12.2