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Grade 9-12
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Activity

Using Gasoline Data to Explain Inelasticity

Time: 20 mins,
Updated: January 4 2022,
Author: Council for Economic Education
Teacher Version
Objective Standards Summary Resources Procedure
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Objective

Students will be able to:

  • Explain inelasticity of demand.

Standards

National Standards in Economics

State Standards

In this economics activity, students will examine and summarize data about gasoline consumption.

Resources

Procedure

This is an individual activity where students will read and summarize data on gasoline consumption to explain the concept of inelasticity at the Using Gasoline Data to Explain Inelasticity website. Students will complete the activity in one of the following formats: Quizizz Activity or Using Gasoline Data To Explain Inelasticity Worksheet. To complete this activity, students need to follow the directions below:

  1. Go to the website Using Gasoline Data to Explain Inelasticity.
  2. Read through the information and answer the questions in the Quizizz Activity or answer the questions with the Using Gasoline Data To Explain Inelasticity Worksheet.
Subjects:
,Economics