Pricing Elasticity Sandbox
pricing_elasticity_sandboxModel how a price change affects volume, revenue, and gross profit given a price elasticity of demand. See the full version at https://rahuldsarker.co/calculators/pricing-elasticity-sandbox
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| price | Yes | Current price | |
| volume | Yes | Current volume, units per month | |
| unitCost | Yes | Unit / delivery cost | |
| elasticity | Yes | Price elasticity of demand: percent volume change per 1% price change, usually negative | |
| priceChangePct | Yes | Price change, as a percentage (positive = increase, negative = cut) |