Quantities supplied and demanded react to changes in price. Students will learn about price elasticity of demand and price elasticity of supply in this lesson. This resource is designed for students who are taking a college-level...

This site gives easy to understand definitions of price elasticity, along with examples, formulas, and factors determining elasticity.

This site provides a thorough analysis of the concept of elasticity, and uses an example in the health care industry.

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.

Read about how elasticity affects tax revenue. This resource is designed for students who are taking a college-level microeconomics course.