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EconEdLink - Calculating Price Elasticity
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Grade 9-12
,
Activity

Calculating Price Elasticity

Time: 20 mins,
Updated: December 2 2021,
Author: Council for Economic Education
Teacher Version

Objective

Students will be able to:

  • Demonstrate their ability to calculate elasticity of demand.

Standards

National Standards in Economics

State Standards


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Concepts

Demand, Elasticity of Demand

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In this economics activity, students will practice calculating elasticity of demand.

Resources

Procedure

This is an individual activity where students will practice calculating elasticity of demand. Choose one of the following formats for students to complete the activity: Calculating Elasticity Quizizz, Calculating Elasticity Worksheet, or ReadyAssessments Activity. If you choose to implement the ReadyAssessments Activity, allow students to use the Extension 1 Directions to complete the activity. You can check the answer key in real time to facilitate student answers. To complete this activity, students need to follow the directions below:

  1. Choose which format to complete the activity: Calculating Elasticity Quizizz, Calculating Elasticity Worksheet, or ReadyAssessments Activity, and calculate price elasticity of demand for each problem.
Subjects:

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