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G10 T1 Price Elasticity Demand
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Business Studies
Secondary Education
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29 slides
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Items in this lesson
Slide 1  Slide
Slide 2  Slide
Slide 3  Slide
Slide 4  Slide
Slide 5  Slide
What is the selling price of this product?
timer
0:30
Slide 6  Slide
73.00 AED
Slide 7  Slide
What is the selling price of this product?
timer
0:30
Slide 8  Slide
460 AED
Slide 9  Slide
What is the selling price of this product?
timer
0:30
Slide 10  Slide
80 AED
Slide 11  Slide
What is the selling price of this product?
timer
0:30
Slide 12  Slide
216 AED
Slide 13  Slide
Slide 14  Slide
Slide 15  Slide
The Demand curve shows that low price means lower demand.
A
true
B
false
C

D

Slide 16  Quiz
What is Price Elasticity Demand used for?
A
For businesses to check how demand changes when the price is changed
B
For businesses to calculate the effect of demand on high price.
C

D

Slide 17  Quiz
Slide 18  Slide
What are substitutes?
A
Products that satisfy customer demand needs.
B
Products that satisfy the needs and wants as another product.
C
Products that effect demand as other products.
D

Slide 19  Quiz
Slide 20  Slide
Inelastic means customer demand doesn't react a lot to price changes.
A
true
B
false
C

D

Slide 21  Quiz
A value equal to 1 means the product is...
A
elastic
B
inelastic
C
unitary elastic
Slide 22  Quiz
A value less than 1 means the product is...
A
elastic
B
inelastic
C
unitary elastic
Slide 23  Quiz
Slide 24  Slide
Alia sells handmade soaps in Ajman City Centre.
% change in quantity demand: increased 30%
% change in price: decreased 10%
A
0.3
B
3
C
3.1
Slide 25  Quiz
According to the PED calculation, Alia's products are...
A
elastic
B
inelastic
C
unitary elastic
Slide 26  Quiz
Slide 27  Slide
Slide 28  Slide
Slide 29  Slide
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