Economics
Allen
copy_of_real_life_calculation_of_elasticity1.xlsSheet1
| The Production Company | |||
| 2001 | 2002 | 2003 | |
| Total Revenue | $5,379,000,000 | $5,341,000,000 | $5,741,000,000 |
| Units Produced | 64,446,773 | 63,673,945 | 65,673,945 |
| Price | $83.46 | $83.88 | $87.42 |
| 2001-2002 | 2002-2003 | 2001-2003 | |
| %Change in Quantity | -0.0030160149 | 0.0077310886 | 0.0115650156 |
| %Change in Price | 0.001244 | 0.010322 | 0.010322 |
| Elasticity Coefficient | 2.4251248461 | 0.7489945364 | 1.1204286904 |
