Quantity Demanded Formula Excel Template

Prepared by Dheeraj Vaidya, CFA, FRM

dheeraj@wallstreetmojo.com

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Let us take the example of  20,000 units of apartment demand, the rental price is quoted at $750. However, for
25,000 units of apartment demand, the rental price is quoted at $650. Determine the price elasticity of the
quantity in demand.
Particulars Amount
Initial Price (Pi) $750
Initial Quantity Demanded (Qi)
20000
units
Final Price $650
Final Quantity Demanded 25000
Change in Price (Pj – Pi) -$100
Change in Quantity Demanded
5000
(Qj – Qi)
Price Elasticity on Quantity -1.875
Demanded
750. However, for
asticity of the
Let us take the example of petrol and diesel products. There is a percentage increase of 20 per cent in the quantity
demanded petrol and diesel as fuel. Citing demand, the price has appreciated by 30 per cent. Determine the
elasticity of the quantity demanded.
Particulars Amount
Change in Prices 30%
Change in Quantity 20%
Price Elasticity 67%
r cent in the quantity
Determine the