Edexcel - Price Elasticity of Demand

A new series of resources aimed at assisting teachers with the delivery of the Edexcel A Level Business specification. This resource specifically looks at topic 1.2.4. Price Elasticity of Demand. It considers the issues of how to calculate price elasticity of demand, the interpretation of price elasticity values, the main factors influencing price elasticity of demand, its significance in pricing decisions and the calculation of price elasticity and total revenue. The clear and well-presented nature of the slides are aimed at helping students to understand the topics with each topic analysed to provide a balanced assessment of the theory.