You are Here: Home

# Price Elasticty

Announcements Posted on
Why bother with a post grad? Are they even worth it? Have your say! 26-10-2016
1. Okay so the formula for price elasticity of demand, is:

% CHANGE IN QUANTITY DEMANDED/ % CHANGE IN PRICE

So am I correct to say, if the question asks to calculate PED ^ and I don't know the % changes, to use this formula:

(QUANTITY NEW - QUANTITY OLD) / OLD TIMED BY 100

APPLOGIES IF THIS IS CONFUSING, LET ME KNOW AND I'LL RE WORD MYSELF
2. Sorry you've not had any responses about this. Are you sure you've posted in the right place? Here's a link to our subject forum which should help get you more responses if you post there.

You can also find the Exam Thread list for A-levels here and GCSE here.

Just quoting in Puddles the Monkey so she can move the thread if needed
Spoiler:
Show
(Original post by Puddles the Monkey)
x
3. (Original post by GreenNinjaa)
Okay so the formula for price elasticity of demand, is:

% CHANGE IN QUANTITY DEMANDED/ % CHANGE IN PRICE

So am I correct to say, if the question asks to calculate PED ^ and I don't know the % changes, to use this formula:

(QUANTITY NEW - QUANTITY OLD) / OLD TIMED BY 100

APPLOGIES IF THIS IS CONFUSING, LET ME KNOW AND I'LL RE WORD MYSELF
Correct

Posted from TSR Mobile

## Register

Thanks for posting! You just need to create an account in order to submit the post
1. this can't be left blank
2. this can't be left blank
3. this can't be left blank

6 characters or longer with both numbers and letters is safer

4. this can't be left empty
1. Oops, you need to agree to our Ts&Cs to register

Updated: May 20, 2016
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

This forum is supported by:
Today on TSR

### Who is getting a uni offer this half term?

Find out which unis are hot off the mark here

Poll
Useful resources