Comparing Gasoline and Restaurant Meals

Grade Levels

10th Grade, 11th Grade, 12th Grade, 9th Grade

Course, Subject

Economics

Related Academic Standards

6.2.9.D 6.2.9.D

Explain the laws of supply and demand and how these affect the prices of goods and services.

6.2.12.D 6.2.12.D

Predict how changes in supply and demand affect equilibrium price and quantity sold.

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Description

In this student interactive, from an EconEdLink lesson, students are asked to compare gasoline and restaurant food. They must determine which item is most inelastic.

Web-based Resource

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Comparing Gasoline and Restaurant Meals

Content Provider

EconEdLink

WHAT IS IT?

EconEdLink provides a premier source of classroom-tested, Internet-based economic and personal finance lesson materials for K-12 teachers and their students. With over 457 lessons to choose from, teachers can use as many of the lessons as they would like and as often as they would like.

WHO IS IT FOR?

The Internet-based lessons are targeted for K-12 teachers and their students. Each of the lessons includes a teacher's version as well as a student's version. Each of the lessons are designed to be delivered in a variety of formats and classroom settings.

Comparing Gasoline and Restaurant Meals