Formula
- Use the units shown beside each field.
- Results update automatically whenever you change an input.
- Displayed values use up to four decimal places, or scientific notation for very small or large numbers. Calculations use standard floating-point arithmetic; exact integer and fraction tools identify their own precision rules.
- Two-point midpoint measure. Observed association does not isolate price effects from other demand changes.
Example Calculation
- Initial quantity of A: 100
- New quantity of A: 120
- Initial price of B: 10
- New price of B: 12
Initial quantity of A = 100; New quantity of A = 120; Initial price of B = 10; New price of B = 12. The primary result is 1.
Frequently asked questions
How do I use this calculator?
Enter initial quantity of a, new quantity of a, initial price of b, new price of b. The result updates automatically. Use Reset to restore the example values.
What method does it use?
elasticity=[ΔQA/average QA]/[ΔPB/average PB].. Two-point midpoint measure. Observed association does not isolate price effects from other demand changes.
Why might a rounded result differ?
The calculation keeps full numeric precision internally, then rounds the displayed result. Rounding intermediate steps by hand can produce a slightly different answer.
Are my inputs saved online?
No. This calculator processes your inputs in your browser. A recently used list stores only calculator names on this device, not your entered values.
Check the assumptions and units before using this result. Read about calculation methods.