Price Elasticity of Supply Teacher Resources

In this economics activity, students respond to 15 fill and the blank and multiple choice questions about price elasticity of demand.

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...

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.

Businesses really do care about your happiness and satisfaction—as long it's higher than their marginal cost. Discover how relative scarcity, marginal utility, and the subjective tastes of consumers determine the price a business places...

When prices get too high, the government should put price controls in place, right? Not necessarily. A video from Crash Course Economics explains how price controls can affect the equilibrium price of a product, and potentially lead to a...

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.

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...

High schoolers are introduced to the topic of elasticity. As a class, they identify demand as being either price elastic or price inelastic when given examples. They discover the relationship between percentage changes in the quantity...

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...

Young scholars define economic terms, list three conditions that must be present in order for demand to exist, define law of supply and demand, differentiate between buyer's and seller's markets, examine concept of elasticity, view...

In this economics worksheet, students respond to 18 short answer and problem solving questions regarding the concept of elasticity.

Learners examine the nature of price controls, the impact of maximum prices below the equilibrium level on a market, the effect it can have on other markets, the requirements for effective price discrimination in a market, and the price...

In this economics worksheet, students use their problem solving skills to respond to 34 questions about supply, demand and prices.

In this economics learning exercise, students define elasticity, calculate ranges of elasticity, and label diagrams pertaining to the concept of elasticity.

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...

In this economics worksheet, students use their problem solving skills to respond to 28 questions regarding demand and supply.

In this international economics worksheet, learners use their problem solving skills to respond to 25 questions about supply and demand.

Learners analyze the meaning of the business term, elasticity, and discuss the main elasticity concepts of price, income, and cross elasticity. They manipulate and demonstrate various business formulas.

Students identify and explain the variables effecting supply and demand in the marketing industry. Then they define the terms supply and demand and graph supply and demand curves on a standard grid. Students also formulate what happens...

How does the economy affect the environment—and vice versa? A video from Crash Course Economics discusses the ways supply and demand for products made with non-renewable resources can result in the Tragedy of the Commons, or even in the...

Can raising the minimum wage lead to unemployment? Young economists watch a rapid-paced video from Crash Course Economics to learn about supply and demand in the labor market and the ways that the minimum wage can both stimulate economic...

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...