Theme 1 Formulas Flashcards by Mia-Jayne Ramsey | Brainscape

Q

Price Elasticity of demand (PED)

A

%change in quantity demanded / %change in price

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Q

Income Elasticity of demand (YED)

A

%change in quantity demanded / %change in income

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Q

Market share %

A

(Total sales of a firm / total sales in market) x 100

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