Price Elasticity of Demand

In this video lesson, explore a simple way to calculate the price elasticity of demand, how to interpret that calculation, and how price elasticity of demand varies along a demand curve. This resource is designed as a review for the AP...

This video lesson from Khan Academy is intended for students who are taking a microeconomics course. This lesson serves as an introduction to price elasticity of demand.

What 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...

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...

Practice what you've learned about calculating and interpreting price elasticity of demand, as well as the determinants of price elasticity of demand, in this exercise. This resource is designed as a review for the AP Microeconomics Test...

There are several factors that affect how elastic (or inelastic) the price elasticity of demand is, such as the availability of substitutes, the timeframe, the share of income, whether a good is a luxury vs. a necessity, and how narrowly...

Provides an introduction to the price elasticity of demand. [13:17]

Practice what you've learned about the relationship between price elasticity of demand and total revenue in this exercise. This resource is designed as a review for the AP Microeconomics Test or a college-level microeconomics course.

Practice what you've learned about cross-price elasticity of demand in this four-question exercise.

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.