Step-by-Step Lesson

Learn: Factors Affecting Price Elasticity of Demand (PED)

Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)

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RafaelaCreated by Rafaela
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Steps in this lesson (11)

1
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Match the items on the left with their correct pairs on the right

2
article

Match the items on the left with their correct pairs on the right

3
Multiple ChoiceInteractive

What does Price Elasticity of Demand (PED) measure?

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4
article

Match the items on the left with their correct pairs on the right

5
Fill in the BlankInteractive

Demand for a {{blank0}} good is usually {{blank1}}, while demand for a luxury good is {{blank2}}.

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6
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Match the items on the left with their correct pairs on the right

7
MatchingInteractive

Match the items on the left with their correct pairs on the right

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8
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Match the items on the left with their correct pairs on the right

9
Multi-SelectInteractive

Which goods are likely to have elastic demand? (Select all that apply)

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10
article

Match the items on the left with their correct pairs on the right

11
Multiple ChoiceInteractive

Which factor makes demand more elastic?

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