Applications of price elasticity of demand
Today we will continue on from yesterday and also consider the objectives above. Tasks:
Here is a case study with some questions to answer... https://docs.google.com/a/aisbudapest.org/document/d/1gWzLuzLCZVxQRZLXki4KEB2AihLBbOCXW7adPSuGm14/edit?usp=sharing Homework (Academic Practice): You need to watch the video at this EdPuzzle link (the class code is eX6QK5) and answer the questions I have embedded into the video. I will be able to see exactly who has or who has not watched the video!! Plus you need to hand some graphs in to me at the beginning of the next lesson based on the final question I have asked you to consider. Also, below is a great 4 1/2 minute summary of PED... an excellent revision tool!
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The law of demand
Next we will consider demand. While watching the second video there are some questions I want you to answer here. You will be given a copy of a document to complete (also linked here). |
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March 2021
Maree SpraggonTeacher of IB Economics at the American School of Budapest Categories |