Price Elasticity of Demand

These resources include everything you need to teach a class about the key concept of price elasticity of demand. These activities will take around 1 hour 30 minutes, so with the addition of some past questions from your exam board this would cover two 1 hour lessons.
The PowerPoint guides you through the process of the lesson and includes step-by-step transitions and key terms. The introduction to the topic allows students to explore exactly what elasticity is and the factors that affect it. These factors are considered in more detail using the ‘scenarios’ activity. Next students are introduced to how to calculate price elasticity of demand, with questions to test their understanding. The second part of the worksheet focuses on exploring the link between elasticity and revenue, which is then summarised on the PowerPoint. The lesson concludes with some multiple-choice questions to test student understanding.