CFA Formulas App

Sign Up for free now! Sign Up for free and master CFA formulas now!

NOTE: Free CFA Formulas Apps is available for Soleadea users only.
Click to set up your account (4 mini-steps only) & review formulas inside your personalized study plan.
If you are not signed in, the app is in the trial mode, which means that only a few formulas are generated.

Own-Price Elasticity of Demand
Click to show formula

\(E^{d}_{p_{x}} = \frac{\%\Delta Q^{d}_{x}}{\%\Delta P_{x}}\ or\ E^{d}_{p_{x}} = (\frac{\Delta Q^{d}_{x}}{\Delta P_{x}})\times (\frac{P_{x}}{Q^{d}_{x}})\)

  • \(E^{d}_{p_{x}}\) – own-price elasticity of demand
  • \(Q^{d}_{x}\) – quantity demanded of good "X"
  • \(P_{x}\) – price per unit of good "X"