Lesson Plan

Econ Ed Link: Price Elasticity: From Tires to Toothpicks

Curated by ACT

Young scholars gain an understanding of price elasticity of demand and why different goods have different degrees of elasticity. Students learn how to calculate price elasticity of goods.

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Additional Tags
council for economic education, econedlink, elasticity of demand, law of demand, price, substitute good, price elasticity of demand
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Classroom Considerations
  • Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)