paper 1 formulas Flashcards
1
Q
percentage change
A
new figure-old figure x100
2
Q
market growth
A
change / original x100
3
Q
market size
A
business A sales/business A market share x100
4
Q
market share
A
firms sales/total industry sales x100
5
Q
demand and supply diagrams
A
REMEMBER:LACES Labels Axes Curves Equilibrium points Shifts