business calculations > Theme 1 > Flashcards

Theme 1 Flashcards

(4 cards)

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1
Q

Market share

A

= (sales of a product or business/total market sales) x100

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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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4
Q
A
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