Theme 1 Flashcards by Charlie Smail

Q

Market share

A

Sales of a product or business divided by total market shares times by 100

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

PED

A

% change in QD ÷ % change in price

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

YED

A

% change in QD ÷ % change in income

How well did you know this?

1

Not at all

2

3

4

5

Perfectly