Happy EconEdMonth! Celebrate economics all month long by visiting EconEdMonth.org

Grade 9-12
,
Activity

Calculating Price Elasticity

Time: 20 mins,
Updated: December 2 2021,
Author: Council for Economic Education
Teacher Version
Objective Standards Summary Resources Procedure
Print

Objective

Students will be able to:

  • Demonstrate their ability to calculate elasticity of demand.

Standards

National Standards in Economics

State Standards

Concepts

Demand, Elasticity of Demand

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:

Related Resources

Grades 9-12

Supply and Demand - Game

In this economics game, students will play through a board game learning about supply and demand.
Key Concepts: Demand, Determinants of Demand, Determinants of Supply…
15 mins
Activity

Grades 6-8, 9-12

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
15 mins
Activity