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Price Elasticity of Demand

Calculate price elasticity using the price elasticity of demand formula.

Price elasticity: -
Calculation explained

How this result was calculated

The formula, your substituted values, and the evaluated result are shown below.

Reference: Formulae and Tables, State Examinations Commission (2014), page 29.
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How the Price Elasticity of Demand works

This calculator applies the formula given in Formulae and Tables, State Examinations Commission (2014), page 29. Enter values in consistent units.

Formula and inputs

percent_quantity ÷ percent_price

Inputs: % change in quantity demanded, % change in price.

Using the result

The result is rounded to 4 decimal places. Check units, assumptions and significant figures before using the answer.

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