How do you calculate price elasticity coefficient?

How do you calculate price elasticity coefficient? The basic formula for calculating a coefficient is the %∆Q/%∆P (∆ means change). After calculating the coefficient, the absolute value (meaning positive or negative doesn’t matter) can be used to determine the elasticity. What is the coefficient of elastic demand? Economists usually refer to the coefficient of elasticity … Continue reading How do you calculate price elasticity coefficient?