*Business Equations Flashcards by Justyna Pajak

Q

Market Share

A

Sales of a business / Total sales in market x 100

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Price elasticity of demand (PED)

A

% Change in quality demanded/ % change in price

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

PED as percentage change

A

new value - old value / old value x 100

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Income elasticity of demand (YED)

A

% Change in quantity demanded / %change in Income

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

A

How well did you know this?

1

Not at all

2

3

4

5

Perfectly