Economics - Microeconomics - Price elasticity of demand - Elastic or Inelastic?

Students sort 10 goods into 'Elastic demand' (sensitive to price) vs 'Inelastic demand' (not sensitive to price). Elastic: 'Restaurant meals (cook at home instead)', 'Luxury vacations', 'Brand-name clothing', 'Movie tickets', 'Chocolate bars'. Inelastic: 'Gasoline (need it for work)', 'Insulin (life

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Economics - Microeconomics - Price elasticity of demand - Elastic or Inelastic?
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Economics - Microeconomics - Price elasticity of demand - Elastic or Inelastic?

vivmagarwal
vivmagarwalJan 29, 2026

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Students sort 10 goods into 'Elastic demand' (sensitive to price) vs 'Inelastic demand' (not sensitive to price). Elastic: 'Restaurant meals (cook at home instead)', 'Luxury vacations', 'Brand-name clothing', 'Movie tickets', 'Chocolate bars'. Inelastic: 'Gasoline (need it for work)', 'Insulin (life

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EconomicsMicroeconomicsClass 11, Class 11, DP Grade 11, A Level, Grade 11

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