Daniaewodage's Shop
Daniaewodage's Shop
2.458333333333333513 reviews

Dania Ewodage is my name. I am a Nigerian, married with children. A profession teacher with years of experience and certified by the C.I.E, I hold a BSc. and a Masters degrees both in economics and the U.K. Inst. of Marketing diploma. I am also a Consultant and Pastor.

pptx, 1.79 MB
pptx, 1.79 MB

**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.
Lesson Objectives;
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.


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