1.2.3 XED Cross elasticity of demand - Theme 1 Edexcel A Level Economics
This lesson introduces learners to cross elasticity of demand, building on the last two lessons on PED and YED. We look what XED measures, the formula and complements and substitutes.
Students have the opportunity to practise plenty of calculations on XED, some of which require percentage change to be calculated before calculating XED. All answers are provided and questions use engaging products such as PS5 and games, Coca Cola and Pepsi etc.
Two links to kahoot quizzes and a box plenary to finish with.
Colourful, concise and engaging slides!