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A Level Business > T1 Formulae > Flashcards

T1 Formulae Flashcards

1
Q

Price Elasticity (of Demand)

A

Price Elasticity = % change in demand / % change in price

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2
Q

Income Elasticity of Demand (YED)

A

YED = % change in demand / % change in income

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A Level Business (2 decks)

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