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Unit: Elasticity

About this unit

Why are resold concert tickets so expensive? Why is holiday candy so cheap in January? Learn how supply and demand changes can influences how much things cost, and why the prices of some items can change so dramatically.

Price elasticity of demand

Learn

Practice

Price elasticity of supply

Learn

Practice

Quiz 1

Identify your areas for growth in these lessons:
Price elasticity of demand
Price elasticity of supply

Income elasticity of demand and cross-price elasticity of demand

Learn

Practice

Quiz 2

Identify your areas for growth in this lesson:
Income elasticity of demand and cross-price elasticity of demand