Price Elasticity of Demand (Midpoint)
Enter P₀,Q₀ and P₁,Q₁ to compute PED, revenue change, and classification.
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📚 Formulas
%ΔQ (midpoint) = (Q₁ − Q₀) / ((Q₁ + Q₀)/2)
%ΔP (midpoint) = (P₁ − P₀) / ((P₁ + P₀)/2)
PED = (%ΔQ) / (%ΔP)
R = P × Q; ΔR = P₁Q₁ − P₀Q₀
|PED| > 1 Elastic · =1 Unitary · <1 Inelastic