Price Elasticity of Demand | |
| The Input Parameters | |
|
Original Price (£) |
110.00 |
|
Original Quantity (Q) |
75.00 |
|
Final Price (£) |
+++++ |
|
Final Quantity (Q) |
+++++ |
|
The PED is (when the PED is set by the user) |
-1.60 |
|
Change in the Price (when the PED is set by the user) (%) |
-5.00 |
| Outputs | |
|
The PED |
-1.60 |
|
Original Total Revenue (£) |
8250.00 |
|
New Total Revenue (£) |
8464.50 |