business formulas theme 1 Flashcards by maya walker | Brainscape

Q

market share

A

sales of a product or business / total market shares X 100

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

price elasticity is demand

A

% change in quantity demanded / % change in price

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

income elasticity of demand

A

% change in quantity demanded / change in income

How well did you know this?

1

Not at all

2

3

4

5

Perfectly