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Price Elasticity of Demand
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Calculating the Price Elasticity of Demand
Have you the value of the PED?
yes
no
Original Price (£)
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
Original Quantity (Q)
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
Final Price (£)
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
Final Quantity (Q)
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
When PED is User Defined
The PED is (when the PED is set by user)
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
2.0
Change in the Price (%)
-20.0
-15.0
-10.0
-5.0
0.0
5.0
10.0
15.0
20.0
Virtual Worlds...
Economy
Bank of Biz/ed
US Bank of Biz/ed
Developing Country
Factory
Learning Arcade
Farm
