**A complete lesson. ** Price elasticity of demand (PED) - IGCSE Economics, ‘ppt’ ** IGCSE Economics syllabus. *.Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided.
At the end of the lesson, the students should be able to;
Define price elasticity of demand (PED)
Calculate PED using the formula and interpret the significance of the result. Draw and interpret demand curve diagrams to show different PED. Determinants of PED - The key influences on whether demand is elastic or inelastic.
PED and total spending on a product/revenue -The relationship between PED and total spending on a product/revenue, both in a diagram and as a calculation.
Significance of PED - The implications for decision making by consumers, producers and government.
Get this resource as part of a bundle and save up to 28%
A bundle is a package of resources grouped together to teach a particular topic, or a series of lessons, in one place.
It's good to leave some feedback.
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.