Coefficient of Elasticity Calculator

Calculate Coefficient of Elasticity (E)



Formula

The formula to calculate the Coefficient of Elasticity (E) is:

\[ \text{E} = \frac{\text{Q}}{\text{P}} \]

Where:

Definition

Example

Let's say the percentage change in quantity demanded (Q) is 10% and the percentage change in price (P) is 5%. Using the formula:

\[ \text{E} = \frac{10}{5} = 2 \]

So, the coefficient of elasticity is 2, indicating that demand is relatively elastic.

Extended information about Coefficient-of-Elasticity-Calculator

Extended information about Price Elasticity Coefficient Calculator

Definition: The price elasticity coefficient measures the responsiveness of the quantity demanded of a good to a change in its price.

Formula: \( E_p = \frac{\Delta Q / Q}{\Delta P / P} \)

Example: \( E_p = \frac{20 / 100}{5 / 50} \)

Extended information about Coefficient of Elasticity (Physics)

Definition: The coefficient of elasticity in physics measures the stiffness of a material, defined as the ratio of stress to strain.

Formula: \( E = \frac{\sigma}{\epsilon} \)

Example: \( E = \frac{200}{0.01} \)

Extended information about Coefficient of Price Elasticity Formula

Definition: The coefficient of price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Formula: \( E_p = \frac{\Delta Q / Q}{\Delta P / P} \)

Example: \( E_p = \frac{30 / 150}{10 / 60} \)

Extended information about Coefficient of Elasticity Dimensional Formula

Definition: The dimensional formula of the coefficient of elasticity is derived from its definition as the ratio of stress to strain.

Formula: \( [E] = \frac{[M L^{-1} T^{-2}]}{[L L^{-1}]} = [M L^{-1} T^{-2}] \)

Example: \( [E] = [M L^{-1} T^{-2}] \)

Extended information about Coefficient of Elasticity Unit

Definition: The unit of the coefficient of elasticity is derived from its formula as the ratio of stress to strain.

Formula: \( E = \frac{\sigma}{\epsilon} \)

Example: \( E = \frac{300}{0.02} \)