Concept of elasticity
Price elasticity of demand (PED) = percentage change in quantity demanded / percentage change in price
Link to packet PED Practice
Transcript here
Make notes as you listen.... because afterwards, in groups, you will show how markets are linked and will be tracing the lines of cause and effect. 2.4 HL Extension 12 October Critique of the maximizing behaviour of consumers and producers - Part 210/12/2023
Source: Dorton, I., & Blink, J. (2020). Economics. Oxford University Press.
Behavioural Economics - questions Econs vs Humans
Link to presentation
Link to packet The Science of Supply and Demand Consumer and Producer Surplus COVID and hand sanitiser/face masks
Link to presentation
Link to packet: Supply and HL Content |
|