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Elasticity Review 2026 - Printable Social studies Worksheets year 11 - Wayground

Elasticity Review 2026

Scott Symons

Created by Scott Symons

22 questions

11th Grade

Social studies

Updated Oct 2026

Elasticity Review is a Grade 11 social studies worksheet for reviewing how consumers respond to changes in price and income. It includes 16 questions—15 multiple-choice items and one multiple-select item—covering price elasticity of demand, income elasticity, elasticity calculations, graph interpretation, and the meanings of Ed values below, above, equal to, or approaching key benchmarks. Students also classify demand as elastic, inelastic, unitary, perfectly elastic, or perfectly inelastic and apply related ideas such as complements, the substitution effect, and products with likely inelastic demand. The calculation items use percentage changes in price and quantity demanded, while the concept questions ask students to connect numerical results and consumer behavior to economic vocabulary. This free printable worksheet includes a complete answer key for Grade 11 review, independent practice, homework, or an assessment check.

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Elasticity Review 2026

Total questions: 22

Name
Class
Date
1.
The price elasticity of demand measures how much
a)
quantity demanded responds to a change in price.
b)
quantity demanded responds to a change in income.
c)
price responds to a change in demand.
d)
demand responds to a change in supply.
2.
Suppose there is a 6 percent increase in the price of good X and a resulting 6 percent decrease in the quantity of X demanded. Price elasticity of demand for X is
a)

0

b)

1

c)

- 1

d)

36

3.
Income elasticity of demand measures how
a)
the quantity demanded changes as consumer income changes.
b)
consumer purchasing power is affected by a change in the price of a good.
c)
the price of a good is affected when there is a change in consumer income.
d)
many units of a good a consumer can buy given a certain income level.
4.

Wheat has seen a decrease in demand of 5%, while the price has increased 7%

a)

1.4 inelastic

b)

1.4 elastic

c)

.71 inelastic

d)

.71 elastic

5.

Oil has seen a decrease in demand of 9%, while the price has increased 13%

a)

1.44 inelastic

b)

1.44 elastic

c)

.69 inelastic

d)

.69 elastic

6.
Is graph A or B more inelastic?

Is graph A or B more inelastic?

a)

A

b)

B

7.

Describe your demand for a product if you buy the same amount of it or just a small amount less after a large price increase.

a)

elastic

b)

unitary elastic

c)

inelastic

d)

hyperelastic

8.

What does it mean?

Ed < 1

a)

Perfectly inelastic demand

b)

Inelastic demand

c)

Unitarily elastic demand

d)

Elastic demand

e)

Perfectly elastic demand

9.

What does it mean?

Ed > 1

a)

Perfectly inelastic demand

b)

Inelastic demand

c)

Unitarily elastic demand

d)

Elastic demand

e)

Perfectly elastic demand

10.

What does it mean?

Ed = ∞

a)

Perfectly inelastic demand

b)

Inelastic demand

c)

Unitarily elastic demand

d)

Elastic demand

e)

Perfectly elastic demand

11.

What does it mean?

Ed = 1

a)

Perfectly inelastic demand

b)

Inelastic demand

c)

Unitarily elastic demand

d)

Elastic demand

e)

Perfectly elastic demand

12.

What does it mean?

Ed = 0

a)

Perfectly inelastic demand

b)

Inelastic demand

c)

Unitarily elastic demand

d)

Elastic demand

e)

Perfectly elastic demand

13.
A complement example would be all except
a)
butter and margarine 
b)
peanut-butter and jelly
c)
flashlight and batteries 
d)
cameras and film 
14.
When replacing a certain item with with a less costly item is an example of
a)
the substitution effect 
b)
the income effect 
c)
demand elasticity 
d)
complements 
15.

Which of the following products would likely have an inelastic demand?

a)

Fizzy cola, a carbonated soda

b)

A meal at an expensive steak house

c)

auto repair for your car

d)

Nike's Air Force One's

16.

Check All That Apply: Check off all of the things that are elastic in price.

a)

Apple Juice

b)

Coke

c)

Chicken Wings

d)

Insulin

17.

Match the following

Elasticity of Demand

Measures the responsiveness of quantity demanded to a change in price.

Elasticity of Supply

Measures the responsiveness of quantity supplied to a change in price.

Law of Demand

As price increases, quantity demanded generally decreases, ceteris paribus.

Law of Supply

As price increases, quantity supplied generally increases, ceteris paribus.

Price Determination

Occurs at the equilibrium point where quantity demanded equals quantity supplied.

18.

At what spot would we find the highers Elasticity?

A
B
C
D
E
19.

Which spot would be the most inelastic?

A
B
C
D
E
20.

Elasticity

Categorize the following

People

Producers

Consumers
Quantity demanded
Substitute goods
Consumer income
Preferences and tastes
Time available to adjust
Time available to adjust
Spare production capacity
Availability of stocks
Ability to store goods
Ease of switching between products
Availability of raw materials
Elasticity of Demand
Elasticity of Supply
21.

Match the following

Relatively Elastic

Percentage change in quantity demanded is greater than the percentage change in price.

Relatively Inelastic

Percentage change in quantity demanded is less than the percentage change in price.

Unitary Elastic

Percentage change in quantity demanded is equal to the percentage change in price.

Perfectly Elastic

Quantity demanded changes infinitely in response to a very small change in price.

Perfectly Inelastic

Quantity demanded remains constant regardless of changes in price.

22.

What goes with what?

Categorize the following

Bread and Butter

Coffee and Sugar
Cars and Gasoline
Printers and Ink Cartridges
Toothbrushes and Toothpaste
Hamburgers and Hamburger Buns
Cameras and Memory Cards
Computers and Software
Tea and Coffee
Butter and Margarine
Coke and Pepsi
Butter and Olive Oil
Buses and Trains
Android Phones and iPhones
Laptops and Tablets
Pencils and Pens
Complimentary Goods
Substitute Goods
WaygroundAnswer Key

Elasticity Review 2026

Total questions: 22

1.
a) quantity demanded responds to a change in price.
2.
b)

1

3.
a) the quantity demanded changes as consumer income changes.
4.
c)

.71 inelastic

5.
c)

.69 inelastic

6.
b)

B

7.
c)

inelastic

8.
b)

Inelastic demand

9.
d)

Elastic demand

10.
e)

Perfectly elastic demand

11.
c)

Unitarily elastic demand

12.
a)

Perfectly inelastic demand

13.
a) butter and margarine 
14.
a) the substitution effect 
15.
c)

auto repair for your car

16.
a)

Apple Juice

, b)

Coke

, c)

Chicken Wings

17.

Elasticity of Demand

 - 

Measures the responsiveness of quantity demanded to a change in price.

, 

Elasticity of Supply

 - 

Measures the responsiveness of quantity supplied to a change in price.

, 

Law of Demand

 - 

As price increases, quantity demanded generally decreases, ceteris paribus.

, 

Law of Supply

 - 

As price increases, quantity supplied generally increases, ceteris paribus.

, 

Price Determination

 - 

Occurs at the equilibrium point where quantity demanded equals quantity supplied.

18.
19.
20.
Elasticity of Demand

People

Consumers
Quantity demanded
Substitute goods
Consumer income
Preferences and tastes
Time available to adjust
Elasticity of Supply

Producers

Time available to adjust
Spare production capacity
Availability of stocks
Ability to store goods
Ease of switching between products
Availability of raw materials
21.

Relatively Elastic

 - 

Percentage change in quantity demanded is greater than the percentage change in price.

, 

Relatively Inelastic

 - 

Percentage change in quantity demanded is less than the percentage change in price.

, 

Unitary Elastic

 - 

Percentage change in quantity demanded is equal to the percentage change in price.

, 

Perfectly Elastic

 - 

Quantity demanded changes infinitely in response to a very small change in price.

, 

Perfectly Inelastic

 - 

Quantity demanded remains constant regardless of changes in price.

22.
Complimentary Goods

Bread and Butter

Coffee and Sugar
Cars and Gasoline
Printers and Ink Cartridges
Toothbrushes and Toothpaste
Hamburgers and Hamburger Buns
Cameras and Memory Cards
Computers and Software
Substitute Goods
Tea and Coffee
Butter and Margarine
Coke and Pepsi
Butter and Olive Oil
Buses and Trains
Android Phones and iPhones
Laptops and Tablets
Pencils and Pens

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FAQs

What does this elasticity review worksheet cover?

This Grade 11 worksheet reviews how to calculate and interpret price elasticity of demand and identify what income elasticity measures. Its 16 items ask students to evaluate percentage-change scenarios, interpret an elasticity graph, classify Ed values such as Ed < 1 and Ed = 1, and apply related ideas including complements, substitution, and inelastic demand.

How can I use this worksheet to teach elasticity of demand?

Introduce the worksheet by modeling how to compare the percentage change in quantity demanded with the percentage change in price, then connect the result to elastic, inelastic, or unitary demand. Have students explain why each numerical choice matches its classification before moving to the graph question and the applications involving complements, substitution, and necessary purchases such as auto repair.

What mistakes should I watch for when students complete this elasticity worksheet?

Students may confuse price elasticity with income elasticity, reverse the percentage relationship in the calculation items, or select an elasticity label without checking whether Ed is less than, equal to, or greater than 1. Also watch for confusion between complements and substitutes and for treating every product as equally responsive to a price increase instead of using the worksheet’s examples to identify likely inelastic demand.

How do I assign and grade this elasticity worksheet?

The worksheet is available as a printable PDF and as a digital quiz on Wayground, and it includes a complete answer key for all 16 items. You can grade printed submissions by scanning student work with the Wayground for Teachers app, or review responses from the digital quiz.

How can I differentiate this elasticity worksheet for my students?

In the worksheet’s Advanced Settings, adjust font spacing or font size to make the percentage-change calculations, Ed classifications, and answer choices easier to read. You can also select a dyslexia-friendly font or translate the worksheet into another language while preserving its multiple-choice and multiple-select format.

Where can I find more worksheets like this on Wayground?

Wayground offers a comprehensive collection of free printable worksheets and practice problems across subjects, with downloadable PDFs and answer keys to support mastery of essential skills and concepts. Browse more resources at https://wayground.com/en-us/worksheets.

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