Months Sales Price Price Elasticity of Demand

Jan-18 1,446 2,549,000 Calculating Price Elasticity of Price Change in Aug

Feb-18 1,450 2,549,000
Mar-18 1,735 2,549,000 Price (Jun-18) (P0)
Apr-18 1,504 2,549,000 Price (Aug-18) (P1)
May-18 1,394 2,649,000
Jun-18 1,094 2,649,000 Quantity (Jun-18) (Q0)
Jul-18 1,714 2,853,000 Quantity (Aug-18) (Q1)
Aug-18 1,080 2,853,000
Sep-18 1,518 2,853,000
Oct-18 1,667 2,749,000 % Change Price
Nov-18 1,172 2,749,000 % Change Quant
Dec-18 740 2,918,000
Jan-19 1,497 2,918,000 Elasticity
Feb-19 1,097 2,918,000
Mar-19 1,283 2,918,000
Apr-19 859 3,400,000
May-19 953 3,400,000
Jun-19 783 3,824,000

PE Value Description
0 No impact of price change on demand (perfectly inelastic)
>-1 ,0, <+1 Price has less impact on Sales (inelastic)
1 Price and Sales are perfectly corelated (Unit elastic)
< -1 & >1 Demand changes more than price (Elastic)

Food, Prescription Drugs, and Tobacco Products

y of Demand
ice Elasticity of Price Change in Aug-18 & Jun-18

2,649,000
2,853,000

1,094
1,080

8%
-1.245%

-0.16
 Months Sales Price
Jan-18 1,446 2,549,000
Feb-18 1,450 2,549,000
Mar-18 1,735 2,549,000
Apr-18 1,504 2,549,000
May-18 1,394 2,649,000
Jun-18 1,094 2,649,000
Jul-18 1,714 2,853,000
Aug-18 1,290 2,853,000
Sep-18 1,518 2,853,000
Oct-18 1,667 2,749,000
Nov-18 1,172 2,749,000
Dec-18 740 2,918,000
Jan-19 1,497 2,918,000
Feb-19 1,097 2,918,000
Mar-19 1,283 2,918,000
Apr-19 859 3,400,000
May-19 953 3,400,000
Jun-19 783 3,824,000

PE Value Description
0 No impact of price change on demand (perfectly inelastic)
/-1 ,0, +1 Price has less impact on Sales (inelastic)
1 Price and Sales are perfectly corelated (Unit elastic)
< -1 & >1 Demand changes more than price (Elastic)
 Price Elasticity of Demand
Calculating Price Elasticity of Price Change in Nov-18 & Jan-2019
Price (Nov-18) (P0) 2,749,000
Price (Jan-19) (P1) 2,918,000

Quantity (Nov-18) (Q0) 1,172

Quantity (Jan-19) (Q1) 1,497

% Change Price 6.15%

% Change Quant 27.73%

Elasticity 4.51

d (perfectly inelastic)

d (Unit elastic)
 Price Elasticity of Demand
Months Sales Price Calculating Probable Demand in October 2018 based on price cha
Jan-18 1,446 2,549,000 Price (Apr-18) (P0)
Feb-18 1,450 2,549,000 Price (May-18) (P1)
Mar-18 1,735 2,549,000
Apr-18 1,504 2,549,000
May-18 1,394 2,649,000 Quantity (Apr-18) (Q0)
Jun-18 1,094 2,649,000 Quantity (May-18) (Q1)
Jul-18 1,714 2,853,000
Aug-18 1,290 2,853,000
Sep-18 1,518 2,853,000 %Change Price
Oct-18 1,621 2,749,000 % Change Quant
Nov-18
Dec-18
Jan-19 Elasticity
Feb-19
Mar-19 Predicting
Apr-19 Base Year Quantity (Sep 2018)
May-19 Calculates Year Quantity (Oct 2018)
Jun-19

PE Value Description
0 No impact of price change on demand (perfectly inelastic)
/-1 ,0, +1 Price has less impact on Sales (inelastic)
1 Price and Sales are perfectly corelated (Unit elastic)
< -1 & >1 Demand changes more than price (Elastic)
nd in October 2018 based on price changes in Apr-18 & May-2018
2,549,000
2,649,000

1,504
1,394

4%
-7%

-1.86 P0 2,853,000
P1 2,749,000

(P1-P0)/P0 -0.0364528566421311

(Q1-Q0)/Q0 0.0677649142554602

Q0 1,518

Q1-Q0 102.885275571063

Q1 1,621
 Months Sales Price
Jan-18 1,446 2,549,000
Feb-18 1,450 2,549,000
Mar-18 1,735 2,549,000
Apr-18 1,504 2,549,000
May-18 1,394 2,649,000
Jun-18 1,094 2,649,000
Jul-18 1,714 2,853,000
Aug-18 1,290 2,853,000
Sep-18 1,518 2,853,000
Oct-18 1,667 2,749,000
Nov-18 1,172 2,749,000
Dec-18 1050 2,918,000
Jan-19 1,497 2,918,000
Feb-19 1,097 2,918,000
Mar-19 1,283 2,918,000
Apr-19 0 3,400,000
May-19 953 3,400,000
Jun-19 783 3,824,000

PE Value Description
0 No impact of price change on demand (perfectly inelastic)
/-1 ,0, +1 Price has less impact on Sales (inelastic)
1 Price and Sales are perfectly corelated (Unit elastic)
< -1 & >1 Demand changes more than price (Elastic)
 Price Elasticity of Demand
Calculating Probable Demand in April 2019 based on price changes in Nov-18 & Dec-18
Price (Nov-18) (P0)
Price (Dec-18) (P1)

Quantity (Nov-18) (Q0)

Quantity (Dec-18) (Q1)

%Change Price
% Change Quant

Elasticity

Predicting
Base Year Quantity (Mar 2019)
Calculates Year Quantity (Apr 2019)

on demand (perfectly inelastic)

es (inelastic)
y corelated (Unit elastic)
n price (Elastic)