Price Elasticity of Demand Calculator
Price Elasticity of Demand: a planned Super Calculator tool. Covers price before and after (currency). Stub page while the tool and its worked example are.
Price Elasticity of Demand Calculator is a planned calculator in the business section of Super Calculator, covering pricing strategy.
What this calculator will compute
Inputs: price before and after (currency) and quantity before and after (units).
Outputs: elasticity coefficient, elastic or inelastic classification and revenue impact (currency).
Formula, recorded as scope and not yet verified against a primary source: Midpoint (arc) elasticity E = ((Q2 - Q1) / ((Q1 + Q2)/2)) / ((P2 - P1) / ((P1 + P2)/2)). The point elasticity form (dQ/dP)(P/Q) differs and gives an asymmetric result depending on direction of the price change, which is why the midpoint form is standard.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.