Economics class: Price of UK pint up more than 70% since financial crisis
We’ll send you a myFT Daily Digest email rounding up the latest FT Schools news every morning.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Demand & supply, price elasticity of demand
Click to read the article below and then answer the questions:
With reference to the article, identify two costs which are contributing to the increasing price of a pint in the UK
Using a demand and supply diagram, analyse the effect of rising costs on the market price of a pint
Define price elasticity of demand
‘We are trying not to [charge more] because we are fighting for covers and guests.’ Using a diagram, explain what this suggests about the price elasticity of demand at the Brasserie Bar Co.
Gavin Clarke, Emmanuel College
Get alerts on FT Schools when a new story is published