This is a whole lesson on Price Elasticity of Demand (Lesson 2). This is the second lesson on elasticity. Where the first lesson concentrates more on how to calculate the PED this lesson builds on it by looking at what it means and what affects the price elasticity. Also the effect on revenue from different elasticities. The lesson looks at differences between necessity, luxury, inferior and normal goods. It is ready-made and requires no prep time. The lesson is also great for home learning. 25-slide presentation + extra resources.
The lesson includes:
- Starter (building on lesson 1)
- Learning Objectives (differentiated)
- Keywords (different types of goods)
- Excellent Teaching Slides (with lots of custom animation)
- Factors influencing price elasticity
- Key Questions
- Superb Data Response Worksheet (with model answers)
- Plenary (pair activity)
- Homework (multiple choice worksheet on elasticities with answer key)
ALL LESSONS for teaching all the different topics of the economics syllabus are available as one BIG BUNDLE in the link below:
LASTLY:
This lesson is flat packed (limited editing) for copyright purposes.
Please provide a RATING with written feedback.
Please email outstandingresourceshelp@gmail.com if there are any issues and we will respond within 48 hours.
Get this resource as part of a bundle and save up to 17%
A bundle is a package of resources grouped together to teach a particular topic, or a series of lessons, in one place.
Something went wrong, please try again later.
This resource hasn't been reviewed yet
To ensure quality for our reviews, only customers who have purchased this resource can review it
Report this resourceto let us know if it violates our terms and conditions.
Our customer service team will review your report and will be in touch.
£3.60