Elasticity of Demand

Elasticity of Demand
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Slide 1: Tekstslide

In deze les zitten 13 slides, met interactieve quizzen en tekstslides.

Onderdelen in deze les

Elasticity of Demand

Slide 1 - Tekstslide

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What do you already know about the elasticity of demand?

Slide 2 - Woordweb

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Definition of Elasticity of Demand
Elasticity of demand measures how quantity demanded responds to a change in price.

Slide 3 - Tekstslide

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Calculation of Elasticity of Demand
Elasticity is calculated by the formula (Q1 - Q2) / (Q1 + Q2) divided by (P1 - P2) / (P1 + P2).

Slide 4 - Tekstslide

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Classification of Demand: Elastic, Inelastic, and Unitary
Elastic demand, inelastic demand, and unitary demand.

Slide 5 - Tekstslide

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Factors Influencing Demand Elasticity: Availability of Substitutes
Availability of substitutes affecting demand elasticity.

Slide 6 - Tekstslide

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Elasticity of Demand
Elastic Demand: A situation where the quantity demanded changes significantly as a result of price changes.

Slide 7 - Tekstslide

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Elasticity of Demand
Inelastic Demand: A situation where the quantity demanded changes only slightly in response to price changes.

Slide 8 - Tekstslide

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Elasticity of Demand
Unitary Demand: A situation where the quantity demanded changes at the same rate as the price.

Slide 9 - Tekstslide

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Elasticity of Demand Formula
A mathematical expression that calculates the responsiveness of quantity demanded to price changes.

Slide 10 - Tekstslide

Deze slide heeft geen instructies

Write down 3 things you learned in this lesson.

Slide 11 - Open vraag

Have students enter three things they learned in this lesson. With this they can indicate their own learning efficiency of this lesson.
Write down 2 things you want to know more about.

Slide 12 - Open vraag

Here, students enter two things they would like to know more about. This not only increases involvement, but also gives them more ownership.
Ask 1 question about something you haven't quite understood yet.

Slide 13 - Open vraag

The students indicate here (in question form) with which part of the material they still have difficulty. For the teacher, this not only provides insight into the extent to which the students understand/master the material, but also a good starting point for the next lesson.