Price Elasticity of Demand Calculator
Formula to calculate the price elasticity of demand. PED Q1 Q0 Q1 Q0 P1 P0 P1 P0 Q0 is the initial quantity. Price Elasticity Formula Calculator Excel Template Excel Templates Excel Sales Strategy This calculator will show you both the formula for working out price elasticity of demand as well as each of the steps through the calculation. . You can use this calculator to determine if you should charge more for your product and sell fewer units or lower the price while increasing demand. Compare that with your fixed and variable costs to assess if you are better off after the change. New Price - The changed price for the same product or service. With the help of this calculator you will be able to determine if you should charge more for your product and sell fewer units or lower the price while increasing demand. Sources and more resources. Lets say that we wish to determine the price elasticity of demand when the price of