What is the Price Elasticity of Demand?
In this economics learning exercise, students read a brief article regarding the price elasticity of demand and determine whether 6 items have prices that are elastic or inelastic and explain the reasons for each answer.
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Price Elasticity of Demand
A series of economic activities should keep your class busy for a while. Six different worksheets review the concepts of price elasticity, demand, and U.S. economics. Multiple real-world applications and scenarios house each of the ten...
12th - Higher Ed Social Studies & History
The Rising Cost of College: Tuition, Financial Aid, and Price Discrimination
Are average college tuition and fees really rising in the United States? Here is a fascinating take on the rising cost of college tuition and how price discrimination may explain what is often seen as an insurmountable cost for higher...
9th - 12th Math CCSS: Designed
Battle Behind the Pumps - Exploring Supply & Demand
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...
10th - 12th Social Studies & History CCSS: Adaptable
The Power of Nonviolence: What Is Nonviolence? What Does It Cost?
Your young learners will delve into the language of primary source documents in order to identify the characteristics, benefits, and costs of nonviolence. The lesson includes a mix of activities, including an anticipatory activity,...
6th - 12th Social Studies & History CCSS: Adaptable
Elasticity of Demand Coefficients (Cross-Price and Income Elasticity)
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.
7 mins 11th - 12th Social Studies & History CCSS: Adaptable
Markets, Efficiency, and Price Signals
Holiday gift-giving seasons can be lucrative for an individual business, but does a profitable season bode well for the market as a whole? A video from Crash Course Economics discusses how giving gifts to people who are uninterested in...
11 mins 9th - 12th Social Studies & History CCSS: Adaptable
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...
9th - 12th Social Studies & History