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Business theme 1 > calculations > Flashcards

calculations Flashcards

1
Q

market share

A

Market share = (Sales of a product or business/ Total market sales) x 100

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2
Q

price elasticity of demand

A

Price elasticity of demand = % Change in quantity demanded/ % Change in price

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3
Q

income elasticity of demand

A

Income elasticity of demand = % Change in quantity demanded/ % Change in income

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Business theme 1 (8 decks)

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