Cross-Price Elasticity of Demand (Ec-PED) Calculation
(Step by step calculation)

 Cross-Price Elasticity of Demand (Ec) Calculator

Ec measures the demand of Product A when price of unrelated Product B is changed.

Step by step calculation

Cross-Price Elasticity of the Demand Formula 1

Cross-Price Elasticity of the Demand (Ec) = P1 / P2

Where,

Ec is Cross-Price Elasticity of the Demand

P1 is Percent Change in a Quantity of Good A

P2 is Percent Change in the Price of Good B

Step by step calculation

Cross-Price Elasticity of the Demand Formula 2

Where

Ec is the cross-price elasticity of the demand

P1A is the price of good A at time 1

P2A is the price of good A at time 2

Q1B is the quantity of good B at time 1

Q2B is the quantity of good B at time 2


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