Elasticity Demand

Elasticity of Demand Worksheet

PRICE ELASTICITY OF DEMAND % change in Q demand % change in price
PERCENTAGE CHANGE new number-old number X 100


Revenue Price X Quantity

Use the formula above to calculate values of price elasticity of demand for all the situations below. Make sure to show your calculations.

Price Quantity % change in quantity demanded % change in price Elasticity of Demand Revenue
Initial New Initial New  



Initial New
30 35 90 30          
50 80 110 80          
210 230 70 54          
60 85 140 125          

In each case identify whether you would describe it as elastic / unit elastic / inelastic

1.       2.       3.       4.

Has revenue increased or decreased in each case?

1.       2.       3.       4.


Ready To Get Started

The Exertio is a Premium WordPress Theme, you can create your own market place website using this theme. It allows you to get a commission for hiring a freelancer or for each service sold.