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Economics & Business · Markets & Microeconomics
Price Elasticity Simulator, Years 11–12
Students explore how price changes affect quantity demanded, total revenue and elasticity along a linear demand curve, including the elastic, inelastic and unit-elastic regions. The full interactive is available to licensed Education Universe users.
Years 11–12, Undergraduate, ProfessionalExplorerElasticity
Learning outcomes
- Calculate elasticity at points on a demand curve.
- Relate elasticity to total revenue.
- Identify the revenue-maximising price.
Teaching guidance
Ask students to find the revenue-maximising price and explain why it sits at unit elasticity.
Use Price Elasticity Simulator with your class
Start a free 30-day trial with class codes and progress tracking, or talk to us about your school's licence.
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Price Elasticity Simulator is one of the licensed interactives in The Education Universe. This page describes it; teachers use it in lessons and classes with a licence or the free trial.