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Business > Theme 1 - calculations > Flashcards

Theme 1 - calculations Flashcards

1
Q

Market growth

A

(New - old/old)x100

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2
Q

Market share

A

(Firms sales/total industry sales)x100

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3
Q

PED

A

%change QD/ %change in price

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4
Q

YED

A

%change in QD/%change win income

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5
Q

Constructing a supply and demand diagram

A 
- When a question asks you to construct a supply and demand diagram with a shift in supply or demand always remember LACES:
Labels
Axis
Curves
Equilibrium points
Shifts
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Business (23 decks)

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