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Grades 9-12
Calculating Price Elasticity
In this economics activity, students will practice calculating elasticity of demand.
Key Concepts: Demand, Elasticity of Demand
Objective
Students will be able to:
- Determine how income affects the demand for normal and inferior goods.
Concepts
In this economics activity, students review how income affects demand for normal and inferior goods.
Resources
Procedure
This is an individual activity requiring students to predict how changes in income affect the demand for normal and inferior goods. To complete this activity, students need to follow the directions below:
- Watch a short video from Khan Academy called Normal and Inferior Goods
- Answer the questions reviewing the concepts in the Quizizz activity, Normal and Inferior Goods worksheet, or complete the ReadyAssessments Activity.
- Then, check the answer key.
Subjects:
Economics Related Resources
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A Review of Supply and Demand
In this economics activity, students will answer questions related to supply and demand curves.
Key Concepts: Demand, Markets and Prices, Supply
Grades 9-12
Transitioning to Driverless Cars
In this economics activity, students identify changes in markets affected by a driveless society.
Key Concepts: Demand, Supply
Grades 9-12
Using Gasoline Data to Explain Inelasticity
In this economics activity, students will examine and summarize data about gasoline consumption.
Key Concepts: Demand, Elasticity of Demand
