Calculations For Ped And Yed Flashcards
1
Q
PED
A
%change in quantity demanded
———————————————
%change in price
2
Q
YED
A
%change in quantity demanded
———————————————
%change in income
3
Q
Market share
A
Sales of product or service business/ total market sales x 100
4
Q
Net cash flow
A
Total inflows - total outflows
5
Q
Variable cost
A
Raw materials, piece rate labour, production supply’s, delivery costs
