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Teaching Economics

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Price Elasticity of Demand and Student Accommodation

Graham Watson

14th September 2017

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An excellent application of PED to a simple problem: if you are a student looking for accommodation at a time when construction firms are building lots of suitable apartments, do you want the demand for them to be elastic or inelastic?

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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