Higher Gasoline Prices: Temporary or Time to Buy a Hybrid?

This Higher Gasoline Prices: Temporary or Time to Buy a Hybrid? worksheet also includes:

Gasoline prices garner a lot of attention in the United States. What can explain a temporary decline in gasoline consumption, and how do gasoline prices spur innovation in the energy and automotive industries?

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CCSS: Designed
Concepts

Instructional Ideas

  • Consider using real products that your class members can relate to when discussing Activity 1 and increased prices of goods
Pros

  • Valuable topic for learners to consider
  • Includes extension activity covering price elasticity of demand
Cons

  • None