Theme 1 Flashcards

1
Q

sales volume?

A

sales revenue/ price

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2
Q

PED?

A

%change in quantity demanded/ % change in price

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3
Q

YED?

A

%change in quantity demanded/ % change in income

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4
Q

Mark up?

A

(selling price- cost/ cost per item) x100

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5
Q

Percentage change?

A

(new- old/ old) x100

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