Price Elasticity of Demand (PED) - Demand Curves, Calculations & Evaluating PED

This bumper lesson covers price elasticity of demand in lots of depth and includes many engaging tasks and activities. The lesson covers the key theory behind PED, how elastic and inelastic demand curve are drawn. The lesson also include many tasks linked to calculating a products PED. The lesson concludes with an evaluating of the importance of PED 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 demand (PED). This bumper lesson covers the key difference between elastic and inelastic demand – including various demand curves and examples. Calculating PED is covered with lots of tasks and worksheets. The lessons concludes with an evaluation of the importance of PED.