Price Elasticity of Demand 2 (PED)

This is a whole lesson on Price Elasticity of Demand (Lesson 2). This is the second lesson on elasticity. Where the first lesson concentrates more on how to calculate the PED this lesson builds on it by looking at what it means and what affects the price elasticity. Also the effect on revenue from different elasticities. The lesson looks at differences between necessity, luxury, inferior and normal goods. It is ready-made and requires no prep time. The lesson is also great for home learning. 25-slide presentation + extra resources.

The lesson includes:

• Starter (building on lesson 1)
• Learning Objectives (differentiated)
• Keywords (different types of goods)
• Excellent Teaching Slides (with lots of custom animation)
• Factors influencing price elasticity
• Key Questions
• Superb Data Response Worksheet (with model answers)
• Plenary (pair activity)
• Homework (multiple choice worksheet on elasticities with answer key)

ALL LESSONS for teaching all the different topics of the economics syllabus are available as one BIG BUNDLE in the link below:

Economics: ALL LESSONS

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