The price elasticity of demand calculator measures the impact of price on quantity demanded. For example, if the price of an apple is 3$ and its quantity demanded is 2kg then what will be the impact of price on quantity demanded of apple when the price rise to 4$.
The price elasticity of demand tells us about the rate of change in the quantity demanded of any commodity with respect to change in the price of any commodity.
In this post, we are introducing our price elasticity of demand calculator where you can just put the value and it will measure the price elasticity and tell you about the kind of elasticity i.e. inelastic, elastic, unitary, etc.