Price Elasticity of Demand
{"Image DocumentName": "Price Elasticity of Demand", "Image ImageDescription": "ln(1 + % change in quantity sold) ln(1 + % change in price) Natural log function. Price elasticity of demand. This is the equation to calculate the price elasticity of demand. To determine the price elasticity of demand, we divide the natural log of one plus the percentage change in quantity sold by the natural log of one plus the percentage change in price. I can estimate the price elasticity of demand for a product or service using the above formula.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}