Theme 1- Formulas Flashcards

1
Q

Market size

A

No. Of units sold X price

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2
Q

Market share

A

Sales 1 firm/ total mrkt sales X 100

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3
Q

Market growth

A

Change in size of market / original size X100

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4
Q

Price elasticities of demand

A

%change demand / %change price

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5
Q

Cost plus pricing

A

VCPU + proportion total cost

+ % mark up

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6
Q

Percentage change

A

N-O / O X100

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