{"id":38482,"date":"2023-06-12T16:06:28","date_gmt":"2023-06-12T16:06:28","guid":{"rendered":"https:\/\/swoopfunding.com\/na\/?page_id=38482"},"modified":"2026-03-12T10:40:56","modified_gmt":"2026-03-12T10:40:56","slug":"price-elasticity-of-demand-calculator","status":"publish","type":"page","link":"https:\/\/swoopfunding.com\/na\/business-loan-calculator\/price-elasticity-of-demand-calculator\/","title":{"rendered":"Price elasticity of demand calculator"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"38482\" class=\"elementor elementor-38482\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-24242e2 e-flex e-con-boxed e-con e-parent\" data-id=\"24242e2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3ac0400 elementor-widget elementor-widget-template\" data-id=\"3ac0400\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"45203\" class=\"elementor elementor-45203\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2f8bd672 e-flex e-con-boxed e-con e-parent\" data-id=\"2f8bd672\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1e8640ab e-con-full e-flex e-con e-child\" data-id=\"1e8640ab\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-554a7090 elementor-widget elementor-widget-heading\" data-id=\"554a7090\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Price elasticity of demand calculator<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-672a599c elementor-widget elementor-widget-text-editor\" data-id=\"672a599c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tYou can use this price elasticity of demand calculator to calculate the price elasticity of demand.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48ed6007 elementor-widget__width-inherit elementor-hidden-mobile elementor-widget elementor-widget-html\" data-id=\"48ed6007\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n<script type=\"text\/javascript\" src=\"\/\/widget.trustpilot.com\/bootstrap\/v5\/tp.widget.bootstrap.min.js\" async><\/script>\n\n\n\n\n<div class=\"trustpilot-widget\" data-locale=\"en-US\" data-template-id=\"53aa8807dec7e10d38f59f32\" data-businessunit-id=\"5b437d760db9da00019935a0\" data-style-height=\"95px\" data-style-width=\"160px\" data-theme=\"light\" data-token=\"75678bf0-071e-4356-8a6b-93beb5a68f32\">\n <a href=\"https:\/\/www.trustpilot.com\/review\/swoopfunding.com\" target=\"_blank\" rel=\"noopener\">Trustpilot<\/a>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-574154a elementor-widget elementor-widget-ucaddon_last_updated\" data-id=\"574154a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_last_updated.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n<div id=\"last-updated-container\" class=\"\">\n\n \n <div class=\"last-updated view-user\" style=\"justify-content: left;\">\n <\/div>\n<\/div>\n\n\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42336420 elementor-widget elementor-widget-ucaddon_breadcrumbs\" data-id=\"42336420\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t <div id=\"breadcrumbs-container\" class=\"left\">\n <nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><\/p><\/nav> <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4960bd2e e-con-full elementor-hidden-mobile e-flex e-con e-child\" data-id=\"4960bd2e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-466a3627 elementor-widget elementor-widget-image\" data-id=\"466a3627\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/swoopfunding.com\/na\/wp-content\/uploads\/sites\/10\/2026\/03\/image-calculator-1024x682.jpg\" class=\"attachment-large size-large wp-image-45202\" alt=\"\" srcset=\"https:\/\/swoopfunding.com\/na\/wp-content\/uploads\/sites\/10\/2026\/03\/image-calculator-1024x682.jpg 1024w, https:\/\/swoopfunding.com\/na\/wp-content\/uploads\/sites\/10\/2026\/03\/image-calculator-300x200.jpg 300w, https:\/\/swoopfunding.com\/na\/wp-content\/uploads\/sites\/10\/2026\/03\/image-calculator-768x512.jpg 768w, https:\/\/swoopfunding.com\/na\/wp-content\/uploads\/sites\/10\/2026\/03\/image-calculator-30x20.jpg 30w, https:\/\/swoopfunding.com\/na\/wp-content\/uploads\/sites\/10\/2026\/03\/image-calculator-80x53.jpg 80w, https:\/\/swoopfunding.com\/na\/wp-content\/uploads\/sites\/10\/2026\/03\/image-calculator.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a2df328 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a2df328\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0de743c\" data-id=\"0de743c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7f89b0d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f89b0d\" data-element_type=\"section\" data-e-type=\"section\" id=\"calculator\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-63e224a\" data-id=\"63e224a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a15f40 elementor-widget elementor-widget-ucaddon_price_elasticity_of_demand_calculator\" data-id=\"7a15f40\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_price_elasticity_of_demand_calculator.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n \n \n <div class=\"ped-calculator form-calculator\" >\n <div class=\"left_column\">\n\n <form id=\"ped-calculator\" method=\"post\">\n\n <div class=\"form-group\">\n <label for=\"initialPrice\">Initial price<\/label>\n <div class=\"input-group mb-3\">\n <div class=\"input-group-prepend\">\n <span class=\"input-group-text\">N$<\/span>\n <\/div>\n <input type=\"text\" id=\"initialPrice\" name=\"initialPrice\" class=\"form-control mask-money\" value=\"40\" aria-label=\"Initial Price\" inputmode=\"numeric\" required>\n <div class=\"input-group-append\">\n <span class=\"input-group-text\">.00<\/span>\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"form-group\">\n <label for=\"newPrice\">New price<\/label>\n <div class=\"input-group mb-3\">\n <div class=\"input-group-prepend\">\n <span class=\"input-group-text\">N$<\/span>\n <\/div>\n <input type=\"text\" id=\"newPrice\" name=\"newPrice\" class=\"form-control mask-money\" value=\"80\" aria-label=\"New Price\" inputmode=\"numeric\" required>\n <div class=\"input-group-append\">\n <span class=\"input-group-text\">.00<\/span>\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"form-group\">\n <label for=\"initialQuantity\">Initial quantity<\/label>\n <input type=\"number\" id=\"initialQuantity\" name=\"initialQuantity\" class=\"form-control\" value=\"15\" required>\n <\/div>\n\n <div class=\"form-group\">\n <label for=\"newQuantity\">New quantity<\/label>\n <input type=\"number\" id=\"newQuantity\" name=\"newQuantity\" class=\"form-control\" value=\"50\" required>\n <\/div>\n\n <\/form>\n\n <p class=\"note-calculator\">This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.<\/p>\n\n <\/div>\n <div class=\"right_column\">\n\n <p class=\"title\">Your results<\/p>\n \n <div class=\"show-number\">\n <p class=\"title-result\">Price elasticity of demand<\/p>\n <p class=\"number-result\"><span id=\"PED\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Type of elasticity<\/p>\n <p class=\"number-result\"><span id=\"elasticityType\">-<\/span><\/p>\n <\/div>\n \n\n <a href=\"https:\/\/namibia.swoopfunding.com\/stage\/\" class=\"btn btn-lg btn-dark btn-block\" target=\"_blank\">Get a quote<\/a>\n\n <\/div>\n <\/div>\n\n\n\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-d7502bf e-flex e-con-boxed e-con e-parent\" data-id=\"d7502bf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8208747 elementor-widget elementor-widget-heading\" data-id=\"8208747\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is price elasticity of demand?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba0a86a elementor-widget elementor-widget-text-editor\" data-id=\"ba0a86a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Price elasticity of demand refers to the measure of the sensitivity of the quantity demanded for a product or service to changes in its price. It reflects how responsive consumers are in adjusting their demand when the price of a product or service changes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6640c4b elementor-widget elementor-widget-heading\" data-id=\"6640c4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the types of price elasticity of demand?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b3b37e elementor-widget elementor-widget-text-editor\" data-id=\"2b3b37e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There are three main types of price elasticity:<\/p><ol><li><p><strong>Elastic demand<\/strong>: This occurs when a small change in price leads to a relatively larger change in quantity demanded. In other words, consumers are highly responsive to price changes, and a price increase results in a significant decrease in demand, while a price decrease leads to a substantial increase in demand. The elasticity coefficient in this case is greater than 1.<\/p><\/li><li><p><strong>Inelastic demand<\/strong>: In contrast to elastic demand, inelastic demand describes a situation where a change in price has a relatively smaller impact on quantity demanded. Consumers are less responsive to price changes, and demand remains relatively stable even when prices fluctuate. The elasticity coefficient in this case is less than 1.<\/p><\/li><li><p><strong>Unitary elastic demand<\/strong>: Unitary elastic demand occurs when a change in price results in an equivalent percentage change in quantity demanded. In this case, the elasticity coefficient is equal to 1. The percentage change in quantity demanded matches the percentage change in price.<\/p><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-eb9cb9b e-flex e-con-boxed e-con e-parent\" data-id=\"eb9cb9b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b340482 elementor-widget elementor-widget-ucaddon_auto_page_related\" data-id=\"b340482\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_auto_page_related.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n\n <div class=\"container-auto-page-related\">\n <p class=\"title-related text-center\">All calculators<\/p>\n <div class=\"auto-page-related\">\n <ul>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/na\/business-loan-calculator\/adr-calculator\/\">ADR calculator <\/a>\n 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elasticity of demand calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/na\/business-loan-calculator\/price-per-square-foot-calculator\/\">Price per square foot calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/na\/business-loan-calculator\/price-to-earnings-calculator\/\">Price to earnings calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/na\/business-loan-calculator\/rate-of-return-calculator\/\">Rate of return calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/na\/business-loan-calculator\/refinance-calculator\/\">Refinance calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/na\/business-loan-calculator\/rent-vs-buy-calculator\/\">Rent vs. buy calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a 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data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;position&quot;:&quot;fixed&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b66d293 elementor-widget elementor-widget-ucaddon_floating_cta\" data-id=\"b66d293\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_floating_cta.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t<style type=\"text\/css\">\/* widget:Floating CTA *\/\n\n.container-floating-cta a{\n font-weight:700;\n border-style:solid;\n border-width:1px 1px 1px 1px;\n color:#FFFFFF;\n border-radius:50px 50px 50px 50px;\n width:100%;\n text-align:center;\n display:block;\n padding:6px 24px;\n transition:all 0.3s;\n}\n\n.container-floating-cta a:hover{\n background:#fff;\n color:#003E52;\n text-decoration:none;\n}\n\n.trustpilot-widget-floating-cta{\n margin-top:12px;\n}\n\n<\/style>\n\n\t\t\t\n<div class=\"container-floating-cta\">\n <a href=\"#calculator\" class=\"btn-floating-cta\">Calculate now<\/a>\n<\/div>\n\n<div class=\"trustpilot-widget-floating-cta\">\n \n <script type=\"text\/javascript\" src=\"\/\/widget.trustpilot.com\/bootstrap\/v5\/tp.widget.bootstrap.min.js\" async><\/script>\n \n\n \n <div class=\"trustpilot-widget\" data-locale=\"en-US\" data-template-id=\"5419b732fbfb950b10de65e5\" data-businessunit-id=\"5b437d760db9da00019935a0\" data-style-height=\"24px\" data-style-width=\"100%\" data-theme=\"dark\" data-token=\"6307e816-53aa-4589-828c-b174e8417264\">\n <a href=\"https:\/\/www.trustpilot.com\/review\/swoopfunding.com\" target=\"_blank\" rel=\"noopener\">Trustpilot<\/a>\n <\/div>\n \n<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>You can use this price elasticity of demand calculator to calculate the price elasticity of demand.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":17791,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-38482","page","type-page","status-publish","hentry"],"acf":[],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_blog_full":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>You can use this price elasticity of demand calculator to calculate the price elasticity of demand.<\/p>\n","category_list_v2":"","author_info_v2":{"name":"root","url":"https:\/\/swoopfunding.com\/na\/author\/root\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/pages\/38482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/comments?post=38482"}],"version-history":[{"count":3,"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/pages\/38482\/revisions"}],"predecessor-version":[{"id":45349,"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/pages\/38482\/revisions\/45349"}],"up":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/pages\/17791"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/media?parent=38482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}