Price Elasticity of Demand Calculator
FinanceCalculate the price elasticity of demand using the midpoint method, showing how sensitive quantity demanded is to a change in a goods own price.
Price Elasticity of Demand
Below -1 means elastic demand; between -1 and 0 means inelastic demand
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Frequently Asked Questions
Why use the midpoint method instead of a simple percentage change?
The midpoint method gives the same elasticity value regardless of whether price rises or falls, avoiding the inconsistency a simple percentage change would introduce.
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