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Understanding Price Elasticity

This lesson focuses on the demand side by examining the meaning of elasticity, what factors determine the price elasticity of demand, how price elasticity of demand is measured by a basic formula, and how price elasticity of demand can be measured using the total revenue approach.
Keyword:
Markets
Disciplines:
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More about this material

Material Type:
Tutorial
Date Added to MERLOT:
June 14, 2026
Date Modified in MERLOT:
June 14, 2026
Author:
Unknown (Know the author?)
Submitter:
Scott St. Louis
Primary Audience:
Middle School
Technical Format:
PDF
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
Unknown
Creative Commons:
Unknown

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