EconExperiments
- Elasticity
<<This experiment is contributed
by Ms Fai-shuet NGAI of
the China Holiness Church Living Spirit College.>>
| Discussion forum--- Please leave your valuable comments or questions here! | |||
| Concepts & Keywords Illustrated: | |||
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Price Elasticity of Demand | ||
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Elastic demand | ||
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Inelastic demand | ||
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Unitary elastic demand | ||
| Brief description: | |||
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Students are asked to come up with a method to calculate the different elasticity of two different balls before teaching them the meaning, features and calculation of price elasticity of demand. | ||
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Students are then asked to suggest to an ice-cream shop owner whether he/she should increase or decrease prices to raise the sales reveune. | ||
Teaching Materials:
| Teaching Materials |
Format
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2) Teaching Plan (Chinese) |
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