US Price Elasticity of Demand Calculator

Initial Price ($)

New Price ($)

Initial Quantity Demanded

New Quantity Demanded

How to interpret:

Price Elasticity of Demand (PED) measures how quantity demanded responds to price changes:

• PED > 1 = Elastic demand
• PED = 1 = Unit elastic
• PED < 1 = Inelastic demand

In the US market, elasticity often varies by product category:
Gasoline: 0.2-0.5 (Inelastic)
Electronics: 1.5-2.5 (Elastic)