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Coefficient of Elasticity Calculator

Calculate Coefficient of Elasticity (E)



Formula

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

E=QP

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:

E=105=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: Ep=ΔQ/QΔP/P

Example: Ep=20/1005/50

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=σϵ

Example: E=2000.01

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: Ep=ΔQ/QΔP/P

Example: Ep=30/15010/60

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]=[ML1T2][LL1]=[ML1T2]

Example: [E]=[ML1T2]

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=σϵ

Example: E=3000.02