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These resources have been reviewed and selected by STEM Learning’s team of education specialists for factual accuracy and relevance to teaching STEM subjects in UK schools.
Elasticity
From the Integrating Mathematical Problem Solving project by Mathematics in Education and Industry (MEI), this activity shows how changing the price of a product changes the demand so putting the price up can reduce income. Modelling helps decision making. The mathematical ideas covered are:
• Percentage change
• Maximising a quadratic function
• Differential equations
• Tangent fields
Please note that some of the files in this resource require use of Geogebra software.
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Downloads
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Elasticity teacher notes 396.84 KB
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PED demand - geogebra 1.93 KB
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PED max revenue - geogebra 2.05 KB
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Maximising revenue 20.3 KB
Show downloads
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Elasticity teacher notes 396.84 KB -
PED demand - geogebra 1.93 KB -
PED max revenue - geogebra 2.05 KB
-
Maximising revenue 20.3 KB
Download all files as a .zip377.38 KB
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