theme 1 formulas Flashcards by cara ward | Brainscape

Q

market share

A

(sales of a product or business/ total market sales) x 100

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

price elasticity of demand

A

% change in quantity demanded/ % change in price

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

income elasticity of demand

A

change in quantity demanded/ % change in income

How well did you know this?

1

Not at all

2

3

4

5

Perfectly