Theme 1 Formulae Flashcards

1
Q

Market share

A

(Sales of product or business ÷ Total market sales) x 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

PED

A

% change in quantity demanded ÷ % change in price

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

YED

A

% change in quantity demanded ÷ % change in income

How well did you know this?
1
Not at all
2
3
4
5
Perfectly