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Mathematical Monday - Price Elasticity of Demand
31st January 2011
This week’s stretch-and-challenge mathematical activity looks at some of the algebra behind the concept of price elasticity of demand. As with last week’s activity, nothing more advanced than higher level GCSE maths is needed to complete the exercise, although it’s still something you probably will want to use as extension material. I’ve also included some hints, tips and possible ways of reaching the answers.
Maths_behind_PED.pdf
maths_for_PED_hints_and_answers.pdf
Ruth Tarrant
Ruth has been Subject Lead in Economics at tutor2u for many years after a career of teaching Economics, Business, Politics and Maths in a range of secondary schools. She is a highly experienced A level Economics Examiner, and also teaches undergraduate Economics on a very part-time basis at the University of Oxford. Ruth is passionate about making economics fun, engaging and accessible.