Economics · 5th Year · Markets, Prices, and Consumers · 2.º Período
Price Elasticity
An introduction to price elasticity of demand (PED) and price elasticity of supply (PES), including their calculation and interpretation.
NCCA Curriculum SpecificationsNCCA Economics LO 2.7NCCA Economics LO 2.8
About This Topic
An introduction to price elasticity of demand (PED) and price elasticity of supply (PES), including their calculation and interpretation.
Key Questions
- What does price elasticity measure?
- How do we calculate PED and PES?
- Why is elasticity important for businesses and governments?
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