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Cross Elasticity of Demand Simulation [Virtual Learning Arcade]

The Virtual Learning Arcade is a series of models and simulations on various economics and business topics. Each simulation has a range of supporting materials including interactive worksheets, theoretical explanations and multiple choice questions. This simulation is based on the cross price elasticity of demand.

Cross Price Elasticity

The simulation

This link gives you access to the simulation.

Background information

This link gives you access to the issues surrounding the simulation.

The effects of changing the inputs of the simulation

These links include interactive self-assessment questions looking at the effects of each change

  • Calculating and interpreting the cross price elasticity of demand Try This

Further questions

These are traditional question types where the answers can include information on the simulation.