Instructional Video

Total Revenue Test and Elasticity Review

Curated and Reviewed by Lesson Planet
This Total Revenue Test and Elasticity Review instructional video also includes:

When prices go up in an elastic demand curve, what happens to total revenue? Your young economists will learn about this concept as they watch an engaging and informative speaker illustrate what happens through drawing different graphs.

3 Views 1 Download
CCSS: Adaptable
Classroom Considerations
  • Learners should have foundational knowledge of elasticity and inelasticity
  • Instructor mentions AP testing a few times and gears his video toward those motivated by passing the test
  • This video is hosted on YouTube
Pros
  • Emphasizes the importance of drawing graphs to help yourself understand concept
  • Includes a helpful mnemonic toward the end of the video to help viewers remember the content
Cons
  • None
Common Core