6 Replies Latest reply: Dec 12, 2013 6:12 AM by Neil Gulliver RSS

    Price Elasticity using Sliders

    Neil Gulliver

      Has anyone found a way of demonstrating Price Elasticity of Demand using sliders?

       

      What I am looking at is two sliders, one showing price, the other showing quantity of units. As the price changes, the quantity of units should change. Furthermore, if the quantity of units change, the price would correspondingly change.

       

      Or is there an alternative approach to demonstrating this ?

       

      Regards,

      Neil