Elasticity of Demand 📉

🎯 Learning Targets

• Define demand elasticity
• Describe the difference between elastic and inelastic demand
• Explain how demand elasticity is measured

⏰ What We Did

• Used instructional notes from Lesson 3, Part 3: Elasticity of Demand, to calculate and examine the elasticity of demand

⚙️ Resources

• Exploring Revenue and Demand Elasticity (A-5)