# Calculating Price Elasticities Using the Midpoint Method (Step by Step Calculation) # Midpoint Method for PED Calculator

An online economics PED calculator to computes the price elasticity which measures the quantity demand in respond to price change.

Step by step calculation  # Price Elasticity of Demand(PED) for Mid-Point Method Formula :

Price Elasticity (PED or Ed) = Percent Change in Quantity / Percent Change in Price

Where

Percent Change in Price = ( (P2 - P1) / ((P2 + P1)/2) ) x 100

Percent Change in Quantity = ( (Q2 - Q1) / ((Q2 + Q1)/2) ) x 100

P1 this is the first price point

P2 this is the second price point

Q1 is the quantity point associated with the first price point (P1)

Q2 is the quantity point associated with the second price point (P2)

Use the midpoint formula to calculate elasticity to ensure a uniform measure

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