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Activity

Tutor2u: Price Elasticity of Demand

Curated by ACT

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.

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Concepts
elasticity, price elasticity
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Additional Tags
elasticity of demand, perfectly elastic demand, perfectly inelastic demand, unit elasticity, tutor2u: price elasticity of demand, definition / general information
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Classroom Considerations
  • Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional