ZIMSEC O-Level Economics
6.5.3.3Importance of elasticity of demand
Importance of elasticity of demand in ZIMSEC O-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives
What the syllabus expects you to be able to do.
- 6.5.3.3.1Form 4: explain the importance of elasticity of demand to households, firms and government, including the effect of price changes on revenue.
Lessons
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PED, consumer spending and total revenue
30 min
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Sample question
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