Finance

Price Elasticity of Demand Calculator

PED = %ΔQ ÷ %ΔP.

Calculated Output

PED -2

Elasticity Elastic

Step-by-Step Breakdown

1. Values used:

2. % change in quantity = -20 %

3. % change in price = 10 %

4. PED = % change in quantity / % change in price = -20 / 10 = -2

5. Elasticity = Elastic

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Frequently Asked Questions

Elastic demand?

Buyers are price-sensitive — price increases lose more revenue.