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as level business > Theme 1 > Flashcards

Theme 1 Flashcards

1
Q

how do you work out market share?

A

sales of a business / total market sales x 100

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2
Q

how do you work out price elasticity of demand?

A

% change in quantity demanded / % change in price

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3
Q

how do you work out income elasticity of demand?

A

% change in quantity demanded / % change in income

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as level business (3 decks)

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