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Marginal Revolution University
Grades 9-12
Valentine's Day Demand Interactive
Key Concepts: Demand, Quantity Demanded
Objective
Students will be able to:
- Explain inelasticity of demand.
Concepts
In this economics activity, students will examine and summarize data about gasoline consumption.
Resources
Procedure
This is an individual activity where students will read and summarize data on gasoline consumption to explain the concept of inelasticity at the Using Gasoline Data to Explain Inelasticity website. Students will complete the activity in one of the following formats: Quizizz Activity or Using Gasoline Data To Explain Inelasticity Worksheet. To complete this activity, students need to follow the directions below:
- Go to the website Using Gasoline Data to Explain Inelasticity.
- Read through the information and answer the questions in the Quizizz Activity or answer the questions with the Using Gasoline Data To Explain Inelasticity Worksheet.
Related Resources
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Supply and Demand - Game
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Key Concepts: Demand, Determinants of Demand, Determinants of Supply…
Grades 9-12
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In this economics activity, students will practice calculating elasticity of demand.
Key Concepts: Demand, Elasticity of Demand
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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
