OpenStax Principles of Microeconomics

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Price Elasticity of Demand Experiment

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This interactive and collaborative activity asks students to first react to price changes and then analyze the results. Instructors can upload the materials to their own Google drives and run the experiment repeatedly to generate new data and demonstrate trends. This resource was developed by Birjees Ashraf, Sophie Haci, Renee Edwards, and Charles Hackner.

Material Type: Activity/Lab

Author: OpenStax, Rice University

Supply and Demand Experiment

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This interactive and collaborative activity asks students to estimate the demand of a product (pizza) based on different prices. Instructors can upload the materials to their own Google drives and run the experiment repeatedly to generate new data and demonstrate trends. This resource was developed by Birjees Ashraf, Sophie Haci, Renee Edwards, and Charles Hackner.

Material Type: Activity/Lab

Author: OpenStax, Rice University