__Income/Price
Elasticity of Demand__

**This calculator can solve for
any of the 5 aspects of the income/price elasticity of demand formula which is denoted
below as:
**

**Income
elasticity of Demand = (Starting Income Amount * Change in Quantity Demanded) /
(Starting Quantity Demanded * Change in Income Earned)**

**EXAMPLE:
You currently earn 8 dollars an hour. At this salary, you consume 6 dozen
eggs. You get a raise. You now make 12 dollars per hour. At
this salary, you consume 12 dozen eggs. Calculate the income elasticity of
demand.**

**First,
Press income elasticity of demand and enter 6 for start quantity, 12 for end
quantity, 8 for start income, and 12 for end income and press Calculate.
Your answer is 2.00.**

**Whether
you are calculating income or price, check the button that applies to what unit
of change you are dealing with.**