# Price Elasticity of Demand Experiment

Goals:

This teacher-facilitated experiment requires student access to a Google drive, and fulfills the following goals:

• Introduce students to the concept of price elasticity.
• Students are asked to react to various price changes for different product representing the various types of elasticities:  elastic, unit elastic and inelastic.
• Students provide their answers through a survey which are then displayed in graph forms with percentage changes in quantity demanded and in price as well as a calculation of elasticity.

The compressed folder contains instructions for leading the experiment.