Price Elasticity of Supply (PES) - Supply Curves, Calculations & Evaluating PES

This bumper lesson covers price elasticity of supply in lots of depth and includes many engaging tasks and activities. The lesson covers the key theory behind PES, how elastic and inelastic supply curve are drawn. The lesson also include many tasks linked to calculating a products PES. The lesson concludes with an evaluating of the importance of PES to producers and consumers. The lesson includes lots of worksheets and tasks throughout to keep students engaged.

Main Aim:

Students will understand price elasticity of supply (PES). This bumper lesson covers the key difference between elastic and inelastic supply – including various supply curves and examples. Calculating PES is covered with lots of tasks and worksheets. The lessons concludes with an evaluation of the importance of PES.