FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

Elasticity measures how responsive quantity demanded or quantity supplied is to changes in price, income, or other factors, indicating how sensitive buyers and sellers are to economic incentives.

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Course curriculum

    1. Introduction to Elasticity: The Concept of Responsiveness

    2. Determinants of Price Elasticity of Demand

    3. Elasticity - MRU Interactive

    4. Price Elasticity of Demand (PED)

    5. Elastic Demand

    6. Inelastic Demand

    7. Unit Elastic

    8. Perfectly Elastic

    9. Perfectly Inelastic

    10. Calculation Example

    11. Price Elasticity of Demand and Total Revenue

    12. Graphing Elasticity - MRU Interactive

    13. Elasticity Along a Linear Demand Curve

    14. Cross-Price Elasticity of Demand (XED)

    15. Income Elasticity of Demand (YED)

    16. Price Elasticity of Supply (PES)

    17. Elasticity of Supply: Why Housing is Unaffordable

    18. Elasticity, Taxes, and Incidence

    19. Summary

    20. Elasticity Quiz

    21. Why Are Fast Food Prices So High?

Additional Consumer Behavior & Market Demand Modules

Economics Olympiad Prep Modules

Use these modules to prepare for success in the Economics Olympiad competition.