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Business theme 1 > equations > Flashcards

equations Flashcards

1
Q

equation for market share

A

( sales of the business / total market sales ) x 100

%

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2
Q

equation of price elasticity of demand(PED)

A

% change in quality demanded / % change in price

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3
Q

equation for income elasticity of demand (YED)

A

% change in quality demanded / % change in income

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Business theme 1 (3 decks)

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