Curated OER
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...
College Board
2005 AP® Microeconomics Free-Response Questions Form B
A rabies vaccine company has a monopoly, but fluctuations in wages are impacting its profits. A series of questions from College Board considers the problem. Other practice questions include an examination of price and output curves and...
College Board
2009 AP® Microeconomics Free-Response Questions Form B
Two transportation companies must decide the best way to compete. How will that decision affect their prices? Using College Board materials, future test takers examine the problem and think critically to solve it. Other prompts examine...
College Board
2006 AP® Microeconomics Free-Response Questions
Communities often experience a tug-of-war between a desire for open space and a need for development. How can governmental policy affect each side of the issue? Scholars consider the question, along with queries on pricing and...
College Board
2008 AP® Microeconomics Free-Response Questions
The government can tweak the economy through a variety of tools. What are their long- and short-term effects? A problem set from College Board examines how the government sometimes pulls the strings to control the economy.
College Board
2016 AP® Microeconomics Free-Response Questions
How can a bakery—one of several in town—maximize its profits? A case study from College Board asks scholars to consider the question. Other practice queries examine the price and benefits of buying certain goods for one consumer and look...
College Board
2009 AP® Microeconomics Free-Response Questions
Two stores are trying to decide where to put their new location to maximize profit? Young economists evaluate the question using authentic materials from College Board. Other queries involve evaluating the effects of government subsidies...
Council for Economic Education
What's the Big Deal about Spices?
Today's gourmands don't consider spices to be the equivalent of silver and gold. During the middle ages, however, these commodities were precious. People back then used spices in religious ceremonies, to cure rotten food, and as a show...
Curated OER
Elasticity Coefficients
In this Elasticity Coefficients worksheet, students read background, analyze sample problems (formulas and equations), solve their own problems, and answer questions.
Curated OER
Elasticity Worksheet
In this economics worksheet, students use their problem solving skills to respond to 8 short answer questions about price elasticity.
Curated OER
Price Elasticity of Demand
In this economics worksheet, learners respond to 15 fill and the blank and multiple choice questions about price elasticity of demand.
Curated OER
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.
Curated OER
Economics: Elasticity of Prices
Students discover the elasticity concepts of price, income, cross elasticity, and elasticity of supply. They apply this knowledge to an activity about Britain's Birmingham Northern Relief Road.
Other
Elasticity: A Quantitative Approach
This site is a great place to study the concept of "elasticity" Formulas, examples, and quiz questions are provided.
![Cornell University: Elasticity [Ppt] PPT](https://d15y2dacu3jp90.cloudfront.net/images/attachment_defaults/resource/large/FPO-knovation.png "Cornell University: Elasticity [Ppt] PPT")
Cornell University
Cornell University: Elasticity [Ppt]
This slideshow delves into the concept of elasticity. It discusses why elasticity is important, looks at the different kinds of elasticity, and has many supporting graphs and charts to use as examples.
Robert Schenk, PhD
Price Elasticity
This site offers a good description of price elasticity of demand for a good, and gives examples of which kinds of goods may be elastic or inelastic.
Robert Schenk, PhD
Computing Price Elasticity
This site discusses price elasticity, along with the formula for "arc elasticity," which is a different method to calculate price elasticity.
Robert Schenk, PhD
St. Josephs College: More Price Elasticity
This site explains price elasticity of supply. Includes graphs to represent the concept.
Other
Price Elasticity of Demand
This site provides a great definition of "price elasticity of demand," along with formulas and examples. It also shows a perfectly elastic demand curve and a perfectly inelastic demand curve.
Other
Price Elasticity of Demand
This site gives easy to understand definitions of price elasticity, along with examples, formulas, and factors determining elasticity.
Other
Economics of Health Care: Price Elasticity of Demand
This site provides a thorough analysis of the concept of elasticity, and uses an example in the health care industry.
Tutor2u
Tutor2u: Monopoly Price Discrimination
Many examples of price discrimination are provided, along with supporting graphs, and reasons why firms engage in this practice.
Khan Academy
Khan Academy: Determinants of Price Elasticity and the Total Revenue Rule
Practice what you've learned about the relationship between price elasticity of demand and total revenue in this exercise. This resource is designed as a review for the AP Microeconomics Test or a college-level microeconomics course.
Tutor2u
Tutor2u: Price Elasticity of Demand
An easy to understand description of "price elasticity of demand." Includes definitions, graphs, formulas, and examples of what kinds of goods may be elastic or inelastic.