Want to know how demand changes with price? Enter the initial and final prices and quantities, and our Price Elasticity of Demand Calculator will show you the elasticity!
Price Elasticity of Demand Calculator
Parameter | Description | Example Value |
---|---|---|
Initial Price | The initial price of the product. | $10 |
New Price | The new price of the product after a change. | $12 |
Initial Quantity | The initial quantity demanded at the initial price. | 100 units |
New Quantity | The new quantity demanded at the new price. | 80 units |
Price Elasticity of Demand | The percentage change in quantity demanded divided by the percentage change in price. | -1.25 |