We found 28 reviewed resources for role of elasticities
Episode 16: Elasticity of Demand
8th - Higher Ed CCSS: Adaptable
New ReviewWhat happens when the price of an item goes up or down? Does the shift automatically affect the purchasing of that item? Historians use a short podcast to research the idea of elasticity on demand. They analyze the impact a price of an...
Battle Behind the Pumps - Exploring Supply & Demand
10th - 12th CCSS: Adaptable
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...
Price Controls, Subsidies, and the Risks of Good Intentions
10 mins 9th - 12th CCSS: Adaptable
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...