This lesson introduces learnes to elasticity of supply. We look at the difference between elastic and inelastic supply, as well as perfectly inelastic and unitary elastic supply, with examples. We also look at the reasons that cause supply to be inelastic or elastic. Students have the opportunity to complete calculations with a model example done first.
A link to a kahoot quiz and a box plenary to finish with.
Colourful, concise and engaging slides!
Thank you
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Edexcel A Level Economics Theme 1 - 1.2 How markets work
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**New for 2021 - This bundle for Edexcel's A Level Economics Theme 1 is the ultimate pack for teachers delivering this course. Captivating powerpoints, the highest quality, unrivalled lesson experiences from start to finish.** Filled with real life examples and step-by-step animated diagrams. Please have a look at individual files to see previews. All you need - open the powerpoint, run through it, and deliver quality lessons whilst saving precious time. Colourful, concise and engaging slides! - all files in zip folder. Thank you Note: 1.1.6 free market, command and mixed economies and 1.3.1 types of market failure are free downloads in the shop so not included in this bundle Theme 1 - Introduction to markets and market failure
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