Investigate Price Elasticity of Demand with this video and activity worksheet combination.
This video explores Price Elasticity of Demand (PED) which provides a business with a measurement of how the demand for a business’ goods alter after a change in price and includes a worked example.
The supporting activity worksheet contains 7 separate tasks for students to apply their knowledge of Price Elasticity of Demand including 2 calculation tasks. The resource also includes suggested answers.
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