1.2+Elasticity

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 * [[file:Price Elasticity of Demand.ppt]]
 * PED Notes/ word jumble exercise


 * PED Activity

Starter activity: How do you think Mr Oldfield is going to react to the following in terms of his strategy for his coffee farm? 
 * Price Elasticity of Supply: **


 * [[file:Price Elasticity of Supply.ppt]]


 * [[file:Elasticity of Supply 2013.doc]]
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 * [[file:income elasticity of demand.doc]]

YED and the Structure of Economies

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 * Cross Elasticity of Demand
 * [|CED Video]


 * [[file:Elast rev.pdf]]


 * [[file:Elasticity questions.pdf]]



Essay Question 2. (a) Explain three determinants of price elasticity of demand (PED). [10 marks]

(b) Examine the role of PED for firms making decisions regarding price changes and their effect on total revenue. [15 marks] Please collaborate on answering this question

<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px;">https://docs.google.com/a/bisnet.or.id/document/d/1yAkJ6OeS_xbtRXDduTl24JGX4NkSuuM9jsm22o4lzMk/edit?usp=sharing

<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px; line-height: 1.5;">And for those who really want to push themselves try this very demanding data response on PED....

<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 18px;">Quantitative Questions on Supply, Demand and Elasticities Note for Q5 a and B you need the following information: The price of meat increases by 10%, the quantity demanded of meat falls by 12% and the quantity of fish consumed increases by 9%. Answer parts (a) and (b) on the basis of this information.

<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 14px;">Task: Find a media article which looks at price change, and using supply and demand (and elasticity) theories explain the article. [|Here is an example of a suitable article] <span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 14px;">and [|here is some theory I would use to explain the article] <span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 14px; line-height: 0px; overflow: hidden;">

<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 14px;">

<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 14px;">Some great articles /tweets on Elasticity