Applications of price elasticity of demand
Here is a case study with some questions to answer... https://docs.google.com/a/aisbudapest.org/document/d/1gWzLuzLCZVxQRZLXki4KEB2AihLBbOCXW7adPSuGm14/edit?usp=sharing This article Meet the credit crunch winners illustrates a good example of real life YED. And Will price discounting help restaurants survive the crunch? has example of all three concepts of demand elasticities. The last task for the elasticity topic is a case study on the market for air travel: http://e-conomics.weebly.com/uploads/1/9/1/7/19176587/elasticity_air_travel.pdf Also, below is a great 4 1/2 minute summary of PED... an excellent revision tool!
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March 2021
Maree SpraggonTeacher of IB Economics at the American School of Budapest Categories |