How It Works

Step 1: Access the Price Elasticity Calculator
Open the economics calculator interface.

Step 2: Input Initial/Final Price and Initial/Final Quantity Demanded
Enter the corresponding values before and after the price change.

Step 3: Click the Calculate Button
Press 'Calculate Coefficient'.

Step 4: Review the Elasticity Coefficient Value
The tool will display the specific coefficient value, indicating the degree of sensitivity to price changes.