Elasticity - INOMICS Educator Resource Pack - Institution License

This INOMICS Educator’s Pack on Elasticity is designed to help introduce elasticity concepts to students in the classroom. It is intended to assist educators in teaching an undergraduate-level economics course. However, it may also be useful for advanced high-school level learners, or as a quick refresher for more advanced students.

This guide is partially based on the student’s Elasticity Study Guide materials. As a result, this resource pack includes short articles on specific topics with practice questions. These include additional resources for an educator’s use; see the following User Guide for details and suggestions for how to best make use of the materials. 

Topics Covered:

Elasticity and Inelasticity

Income Elasticity of Demand

Price Elasticity of Demand

Cross Elasticity of Demand

Normal & Luxury Goods

Inferior & Giffen Goods

Price Elasticity of Supply

Elasticity of Substitution

The institution license permits unlimited use by staff and students employed by / enrolled in the purchasing institution.