Price Elasticity of Demand Calculator

✖Percentage Change in QD is the percentage change in the demand for the quantity of product.ⓘ Percentage Change in QD [PCQ]			+10% -10%
✖Percentage change in Price is the percentage change in the price of the product.ⓘ Percentage Change in Price [%ΔP]			+10% -10%

✖Price elasticity of demand is the degree to which the effective desire for something changes as its price changes.ⓘ Price Elasticity of Demand [PED]

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Formula

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Price Elasticity of Demand

Formula

`"PED" = "PCQ"/"%ΔP"`

Example

`"0.444444"="4"/"9"`

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Price Elasticity of Demand Solution

STEP 0: Pre-Calculation Summary

Formula Used

Price Elasticity of Demand = Percentage Change in QD/Percentage Change in Price
PED = PCQ/%ΔP
This formula uses 3 Variables

Variables Used

Price Elasticity of Demand - Price elasticity of demand is the degree to which the effective desire for something changes as its price changes.
Percentage Change in QD - Percentage Change in QD is the percentage change in the demand for the quantity of product.
Percentage Change in Price - Percentage change in Price is the percentage change in the price of the product.

STEP 1: Convert Input(s) to Base Unit

Percentage Change in QD: 4 --> No Conversion Required
Percentage Change in Price: 9 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

PED = PCQ/%ΔP --> 4/9

Evaluating ... ...

PED = 0.444444444444444

STEP 3: Convert Result to Output's Unit

0.444444444444444 --> No Conversion Required

FINAL ANSWER

0.444444444444444 ≈ 0.444444 <-- Price Elasticity of Demand

(Calculation completed in 00.004 seconds)

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Created by Team Softusvista

Softusvista Office (Pune), India

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Verified by Himanshi Sharma

Bhilai Institute of Technology (BIT), Raipur

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Price Elasticity of Demand Formula

Price Elasticity of Demand = Percentage Change in QD/Percentage Change in Price
PED = PCQ/%ΔP

How to Calculate Price Elasticity of Demand?

Price Elasticity of Demand calculator uses Price Elasticity of Demand = Percentage Change in QD/Percentage Change in Price to calculate the Price Elasticity of Demand, Price elasticity of demand is the degree to which the effective desire for something changes as its price changes. Price Elasticity of Demand is denoted by PED symbol.

How to calculate Price Elasticity of Demand using this online calculator? To use this online calculator for Price Elasticity of Demand, enter Percentage Change in QD (PCQ) & Percentage Change in Price (%ΔP) and hit the calculate button. Here is how the Price Elasticity of Demand calculation can be explained with given input values -> 0.444444 = 4/9.

FAQ

What is Price Elasticity of Demand?

Price elasticity of demand is the degree to which the effective desire for something changes as its price changes and is represented as PED = PCQ/%ΔP or Price Elasticity of Demand = Percentage Change in QD/Percentage Change in Price. Percentage Change in QD is the percentage change in the demand for the quantity of product & Percentage change in Price is the percentage change in the price of the product.

How to calculate Price Elasticity of Demand?

Price elasticity of demand is the degree to which the effective desire for something changes as its price changes is calculated using Price Elasticity of Demand = Percentage Change in QD/Percentage Change in Price. To calculate Price Elasticity of Demand, you need Percentage Change in QD (PCQ) & Percentage Change in Price (%ΔP). With our tool, you need to enter the respective value for Percentage Change in QD & Percentage Change in Price and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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