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Elasticity Calulator

May 8th, 2013

e_{\langle R \rangle} = \frac{\operatorname d Q/Q}{\operatorname d P/P}

(Source)

Formula :
Price Elasticity (PED or Ed) = Change in Quantity / Change in Price

Where,
Change in Quantity = ((New Quantity – Original Quantity) / Original Quantity)
Change in Price = ((New Price – Original Price) / Original Price)

 

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