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What is the Price Elasticity of Demand?
In this economics worksheet, 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
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 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
When is a Wind Farm a Good Investment?
When will a wind farm pay for itself? Individuals calculate the anticipated annual revenue for two proposed wind farms. By comparing the number of years it takes to pay back the initial investment, they determine which site makes the...
6th - 12th Math CCSS: Adaptable
“In Memoriam:” Influential Economists and Their Theories
Here is a great activity that will help your class members review the theories of classic economists regarding markets, competition, and individual initiative. After dividing into groups, learners will plan a eulogy to celebrate the life...
9th - 12th Social Studies & History CCSS: Adaptable
Market Basket SMART/ActivInspire Lesson Plan
Inflate your knowledge, not the economy! Pupils learn more about inflation with detailed worksheets and exciting activities such as role play, an interactive PowerPoint presentation, and a project in which they design a podcast on...
9th - 12th Math CCSS: Designed
Chapter 20: Demand and Supply (Elasticities and Government-Set Prices)
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...
10th - 12th Social Studies & History
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