Hong Kong Calculators

Cross-Price Elasticity Calculator

Using the midpoint method, compute how the demand for X responds to a price change of Y — substitutes or complements.

輸入資料

Demand for X before Y's price change.
Demand for X after Y's price change.
Price of Y before the change.
HK$
Price of Y after the change.
HK$

計算結果

Exy; positive = substitutes, negative = complements.
0.82

重點速覽:Cross-price elasticity Exy (midpoint) = (ΔQx / avg Qx) / (ΔPy / avg Py). Exy > 0 → substitutes (Y dearer, X demand up); Exy < 0 → complements (Y dearer, X demand down); ≈0 → unrelated. Larger |Exy| = stronger link. WARNING: arc elasticity over the range; sign matters more than size; other factors may move demand. Education, not advice.

計算公式

Exy = (商品X需求量變動 ÷ 平均X需求量) ÷ (商品Y價格變動 ÷ 平均Y價格)。

$$E_{xy} = \dfrac{\Delta Q_x / \bar{Q_x}}{\Delta P_y / \bar{P_y}}$$

使用說明

  1. Enter X's quantity before and after Y's price change.
  2. Enter Y's price before and after.
  3. View Exy — positive = substitutes, negative = complements.

交叉價格彈性計算範例 (中點法)

交叉價格彈性計算範例 (中點法)
情境X 需求量變化Y 價格變化Exy關係判定
替代品500 → 60020 → 25+0.82Y 漲價,X 需求增 (替代品)
互補品500 → 40020 → 25−1.00Y 漲價,X 需求減 (互補品)
無關500 → 50020 → 250.00Y 漲價,X 需求不變 (無關)

Exy = (X 需求量變動比例) ÷ (Y 價格變動比例),皆以中點法計算。正號為替代品、負號為互補品。

理財情境案例

案例一:判斷兩商品為替代品

假設商品 Y (例如某品牌咖啡) 價格從 20 元漲到 25 元,導致商品 X (另一品牌咖啡) 的需求量從 500 杯升到 600 杯。

以中點法計算:X 需求量變動比例 = (600 − 500) ÷ ((600+500)/2) = 100 ÷ 550 ≈ 0.1818;Y 價格變動比例 = (25 − 20) ÷ ((25+20)/2) = 5 ÷ 22.5 ≈ 0.2222。交叉價格彈性 Exy = 0.1818 ÷ 0.2222 ≈ +0.82。

Exy 為正,代表 Y 漲價時 X 的需求『增加』— 消費者從變貴的 Y 轉向 X,這正是『替代品』的特徵。彈性 +0.82 顯示兩者替代關係中等強度。對定價與競爭分析而言,這意味著競品調價會明顯影響自家銷量。

案例二:判斷兩商品為互補品

假設商品 Y (例如印表機) 價格從 20 漲到 25,導致商品 X (例如墨水匣) 的需求量從 500 降到 400。

中點法:X 需求變動比例 = (400 − 500) ÷ 450 ≈ −0.2222;Y 價格變動比例 = 5 ÷ 22.5 ≈ 0.2222。Exy = −0.2222 ÷ 0.2222 = −1.00。

Exy 為負,代表 Y 漲價時 X 的需求『減少』— 因為兩者要搭配使用 (印表機貴了、買的人少,連帶墨水匣也賣不動),這是『互補品』的特徵。企業做搭售定價、產品組合或評估供應鏈連動時,交叉價格彈性是關鍵依據;而 Exy 接近 0 則表示兩商品需求互不相干。

常見問題

What does the sign of cross elasticity mean?

Positive = substitutes: Y dearer pushes consumers to X (coffee & tea). Negative = complements: Y dearer cuts X demand too (cars & petrol). Near zero = unrelated. For judging the relationship, the sign matters more than the number.

What does the magnitude tell us?

Larger absolute value = stronger linkage. A strong substitute (similar brands) has high Exy — a rival's small price cut steals many of your customers; weak substitutes/complements sit near zero. Firms use it to gauge competitor pricing impact and bundle pricing.

What is it used for?

Competition analysis (how much a rival's cut steals), bundle pricing (use a low-margin lead item to drive high-margin accessories), and antitrust/market definition (high cross elasticity = same relevant market). It reveals demand linkages between goods.

Why the midpoint method instead of start-value percentages?

The midpoint method gives direction-symmetric, unique results. Traditional 'change / start' percentages are asymmetric: 20→25 is +25%, but 25→20 is -20% — same move, different numbers, so elasticity differs by direction. Midpoint uses the average of start and end as denominator, so 20↔25 both give 5/22.5 ≈ 22.22%, symmetric and unique. This suits arc elasticity over a range. This tool applies midpoint to both quantity and price, so swapping initial/final yields the same absolute value.

How does it differ from own-price elasticity?

Both measure responsiveness to price, but own-price elasticity looks at a good's OWN price effect on its OWN demand (usually negative, for pricing/ revenue); cross-price elasticity looks at good Y's price effect on good X's demand, revealing the relationship between two goods. The sign of cross elasticity is economically meaningful (positive = substitutes, negative = complements), whereas own-price mainly uses the absolute value. Own answers 'if this good's price rises, does it still sell'; cross answers 'if another good's price rises, how does this good's sales move — friend or foe'. Use both for competition and portfolio decisions.

相關工具

參考資料

內容審核:香港計算器財經團隊。計算邏輯與公式參考香港金融管理局(HKMA)及投資者及理財教育委員會(IFEC)之個人理財計算指引,結果僅供參考,實際以相關機構公佈為準。

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