Download your Word document
Cross-Price Elasticity of Demand Calculator result sheet — free, supported by sponsors. Your download button appears in 20 seconds.
This free download is supported by sponsors — continuing in
20
Your file is generated in your browser when you choose Download — nothing is uploaded. If this calculator returns enough numeric data, the export also includes its best-fit chart alongside the readable table.
WorldCalculate result export
Cross-Price Elasticity of Demand Calculator — result sheet
Estimate how the demand for one product changes when the price of another product changes, using the midpoint method.
Inputs used
Results
Visual chart
Breakdown
Calculation steps
Returned data table
Formula and methodology
Formula: Cross-price elasticity = [ΔQ ÷ average Q] ÷ [ΔP of the other product ÷ average P of the other product].
Cross-price elasticity describes the direction and size of a demand response when the price of another product changes. A positive result is commonly consistent with substitutes, while a negative result is commonly consistent with complements; the result depends on the interval and the products being studied.
This result follows the calculator's declared inputs, precision, validation boundaries, and model limits.
Input contract
- Quantity demanded before — units; minimum 1.0E-6; maximum 1000000000000000
- Quantity demanded after — units; minimum 1.0E-6; maximum 1000000000000000
- Other product price before — currency units; minimum 1.0E-6; maximum 1000000000000000
- Other product price after — currency units; minimum 1.0E-6; maximum 1000000000000000
Worked example
| Input | Value |
|---|---|
| Quantity demanded before | 100 |
| Quantity demanded after | 120 |
| Other product price before | 10 |
| Other product price after | 12 |
Both midpoint percentage changes are 18.18%, so cross-price elasticity is 1.0, a positive substitute-like response.
Assumptions and limits
- The before and after observations refer to the same market definition and comparable time interval.
- The midpoint method uses the average of each pair, so the result is less dependent on which point is called the starting point.
- The calculation is descriptive and does not prove that price alone caused the demand change.
Calculator note
Source and methodology
Use the official WorldCalculate methodology policy for the source, formula, precision, and boundary standards behind this calculator.
Planning estimate, not financial, medical, legal, or professional advice. © WorldCalculate — reuse with attribution. Built and curated by Hassan ALRowaie.
No saved result was found. Please run the calculation first, then choose Download again.