Price Elasticity of Demand
Demand response to price change (midpoint method).
NZ$
NZ$
Price elasticity of demand
-0.957
Inelastic — demand barely moves with price.
About this calculator
Measures how much demand falls when price rises. Below 1 = inelastic; above 1 = elastic.
- Midpoint method avoids the asymmetry of point elasticity.
Frequently asked questions
What's typical elasticity?
Petrol: ≈0.3 (inelastic). Restaurant meals: ≈1.5 (elastic). Cigarettes: ≈0.4 (inelastic).
Related calculators
Calculator NZ provides general information only. For decisions with significant financial, medical or legal consequence please consult a qualified professional.