Price Discovery: Supply and Demand · Term 1

Price Elasticity of Supply

Measuring the responsiveness of producers to changes in price.

Key Questions

  1. Calculate the price elasticity of supply for different industries.
  2. Analyze how time affects the elasticity of supply for producers.
  3. Explain the factors that determine the elasticity of supply.

Ontario Curriculum Expectations

CEE.EE.5.3CEE.EE.5.4
Grade: Grade 12
Subject: Economics
Unit: Price Discovery: Supply and Demand
Period: Term 1

Suggested Methodologies

Case Study Analysis

Deep dive into a real-world case with structured analysis

30–50 min

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Flipped Classroom

Pre-learn at home, apply and deepen in class

30–55 min

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