// multi-utility computation suite · offline · instant · precise
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fin.price-elasticity-demand Calculator
Calculates price elasticity of demand, revenue change, and new quantity demanded from a price change. Elastic demand (|ε| > 1) means revenue falls when price rises — inelastic demand means revenue rises with price, the condition where raising prices is profitable.
Inputs
P1 Price
Reference formula or conversion factor shown for context.
P2 Price
Reference formula or conversion factor shown for context.
Q1 Demand
Count or number of items involved.
Q2 Demand
Count or number of items involved.
Results
price elasticity of demand (PED)
The computed or recommended price.
revenue change ΔTR ($)
Sample size or count used in the calculation.
new total revenue ($)
The combined total across all inputs and components.
PED = (ΔQ/Q_avg)/(ΔP/P_avg)
Reference formula or conversion factor shown for context.
demand type
The classification or type assigned based on the inputs.
examples
Reference formula or conversion factor shown for context.