Price Elasticity Challenge
A 10-question randomised elasticity challenge with multiple-choice, calculation and graph-reading questions. Answers are revealed only at the end.
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Economics & Business · Markets & Microeconomics
Price Elasticity Explorer Interactive
Change prices and demand conditions in different markets to investigate how quantity demanded and total revenue respond. Students compare the demand and revenue curves and examine substitutes, loyalty and time horizons in an illustrative constant-elasticity model. The full interactive is available to licensed Education Universe users.
Years 11–12ExplorerPrice Elasticity
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Learning outcomes
- Explain elastic and inelastic demand
- Predict revenue responses to price changes
- Assess determinants of price elasticity
Teaching guidance
Before moving a price slider, ask whether total revenue should rise or fall, then compare predictions with the model output.
Classroom use
This licensed explorer supports teaching Price Elasticity in Year 11. Teachers can use the resource as part of a lesson, investigation or classroom discussion. Full interactive access requires an eligible Education Universe licence or trial.
Use Price Elasticity Explorer 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 Explorer 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.