🧮 Economics Calculator

Interactive formulas with step-by-step working — essential for Paper 2

Price Elasticity of Demand

Formula: PED = % change in Quantity Demanded / % change in Price

Original Quantity

New Quantity

Original Price ($)

New Price ($)

Tip: Use these calculators while practicing Paper 2 questions to check your working. The step-by-step breakdowns mirror how examiners expect calculations to be shown.