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Business > Year 12 Theme 1 Calculations > Flashcards

Year 12 Theme 1 Calculations Flashcards

1
Q

Market share

A

Sales of a product or business
__________________________ X 100
Total market sales

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2
Q

Price elasticity of demand

A

% change in quantity demanded
____________________________
% change in price

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3
Q

Income elasticity of demand

A

% change in quantity demanded
____________________________
% change in income

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Business (18 decks)

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