BUS 530 Module 1 Case
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module_1_price_elasticity_of_demand.xlsxSheet1
| Calculation of the price elasticity of demand | ||||||
| quantity before | 1.55 | change in quantity | quantity after - quantity before | 0.1 | ||
| quantity after | 1.65 | |||||
| price before | 100 | change in price | price after - price before | -10 | ||
| price after | 90 | |||||
| average quantity | (quantity after + quantity before)/2 | 1.6 | ||||
| average price | (price after +price before)/2 | 95 | ||||
| ARC ELASTICITY | -0.59375 | |||||
| In your specific problem all you need to do is change the numbers in colum B4-B7 |
