Price Elasticity of Demand Calculator
Edexcel A-Level Business
Price Elasticity of Demand (PED) measures how sensitive consumer demand is to a change in price. This interactive tool lets you adjust the percentage change in price and quantity demanded to calculate PED, and visualises whether a product is price elastic or inelastic. The chart updates in real time — ideal for developing an intuitive feel for the concept before tackling exam questions. Covers Edexcel A-Level Business Theme 1.3 and A-Level Economics.
Uses Chart.js (cdnjs.cloudflare.com) for chart rendering. Requires an internet connection.
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