Elasticity Calculator

Instruction to the Elasticity of Supply and Demand Calculator. Follow these steps to calculate elasticity:

1. Enter the initial price in the “Initial Price” field. This is the starting price of the product or service.
2. Enter the later price in the “Later Price” field. This is the new price after a change.
3. Enter the initial quantity in the “Initial Quantity” field. This is the quantity demanded or supplied at the initial price.
4. Enter the later quantity in the “Later Quantity” field. This is the quantity demanded or supplied at a later price.
5. Choose your perspective by selecting either “Demand” or “Supply.” This specifies whether you’re analyzing the elasticity of demand or supply.
6. Click the “Calculate Elasticity” button.
7. The results will appear below, including the calculation steps and the impact analysis based on the selected perspective

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