Theme 1 Flashcards by Hannah Hunter

Q

sales volume?

A

sales revenue/ price

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Q

PED?

A

%change in quantity demanded/ % change in price

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Q

YED?

A

%change in quantity demanded/ % change in income

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Q

Mark up?

A

(selling price- cost/ cost per item) x100

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Q

Percentage change?

A

(new- old/ old) x100

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