A fun game or starter that gets students to apply their knowledge of price elasticity of demand.
Students are shown a good and given its elasticity. They are next shown another good and have to guess whether the next goods elasticity will be higher or lower. This sparks a discussion of whether a good is likely to be price elastic or inelastic and how elastic or inelastic it will be. This can be done either as a whole class activity or in two smaller groups as there are two sets of questions. For each set there are 10 goods which range in difficulty.
Students are shown a good and given its elasticity. They are next shown another good and have to guess whether the next goods elasticity will be higher or lower. This sparks a discussion of whether a good is likely to be price elastic or inelastic and how elastic or inelastic it will be. This can be done either as a whole class activity or in two smaller groups as there are two sets of questions. For each set there are 10 goods which range in difficulty.
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£3.00