Elasticity Worksheet

Demystify the world of Elasticities with this comprehensive, hands-on Elasticities Worksheet! Designed for A-Level, IB, GCSE, and IGCSE Economics students, this resource tackles:

• The four key elasticities: price elasticity of demand (PED), income elasticity of demand (YED), cross elasticity of demand (XED), and price elasticity of supply (PES).
• Step-by-step calculation exercises, from determining whether goods are substitutes or complements to identifying elastic or inelastic demand.
• Practical examples that connect theory to real-world applications, helping students master the math and meaning behind elasticity values.

Perfect for reinforcing core concepts, building analytical skills, and nailing exam prep, this worksheet turns tricky calculations into an engaging challenge. Elasticity just got a whole lot more flexible—and fun!