Theme 1 Formulas Flashcards by Jodie Hewitson | Brainscape

Q

Market share

A

=(sales of a product or business / total market sales) x100

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Q

Price elasticity of demand (PED)

A

= %change in quantity demanded/% change in income

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Q

Income elasticity of demand (YED)

A

= % change in quantity demanded/ % change in income

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