K-12 teachers: Get free professional development wherever you are! EconEdLink members can register for webinars with one click and will receive certificates of completion within 24 hours of viewing. CHECK IT OUT

Content Partner

Grade 9-12
,
Video

Elasticity of Demand and Supply Video Series and Quiz

Time: 70 mins,
Updated: October 8 2019,
Author: Marginal Revolution University
Teacher Version
Objective Standards Summary Description
Print

Objective

Students will be able to:

  • Understand the concept of elasticity, how to represent it and use it on a graph, and its applications to real-world issues.

Standards

State Standards

Concepts

Elasticity of Demand
Open Video

In this economics video series, students will take a deep look at supply and demand.

Description

This unit of five videos covers elasticity of demand and supply, including an in-depth look at how to calculate them. Elasticity is then applied to a number of real-world policy questions. Every video comes with practice questions!

Subjects:
Economics

Related Resources

Grades 9-12

Is the traditional taxicab an endangered species?

Increasingly popular ride-sharing services have attracted customers at a rate that some say endangers the cab industry. Economics correspondent Paul...
Key Concepts: Business Costs and Revenues, Demand, Elasticity of Demand…
Video
See Video

Grades 6-8, 9-12

Elasticity of Demand Video and Quiz

This video teaches the concept of Elasticity of Demand. Price elasticity of demand is the way of measuring how much...
Key Concepts: Demand, Elasticity of Demand, Incentive
Video
See Video

Grades 3-5, 6-8, 9-12

Incentives Video and Quiz

This video teaches the concept of Incentives. An incentive is a cost or benefit that motivates a decision or action...
Key Concepts: Decision Making/Cost-Benefit Analysis, Economic Systems, Elasticity of Demand…
Video
See Video

Resources

Support

This site is brought to you by

EconEdLink

© 2018 EconEdLink. All right reserved. Privacy Policy Permission Policy Terms of Use