HomeIB EconomicsTopic 2.5

Elasticity of demand

PED and income elasticity basics, interpretation, and implications for revenue and policy.

Study Topic 2.5: Elasticity of demandRead the complete notes with diagrams, key terms, and exam tips
IB Economics Question BankPractise exam-style questions for Topic 2.5IB Command TermsLearn what examiners expect for Explain, Evaluate, Discuss…

IB Economics · Topic 2.5

Sub-topics in Topic 2.5

2.5.1Price elasticity of demand (PED)2.5.2PED and total revenue2.5.3Income elasticity of demand (YED)