theme 1 calculations Flashcards by Elizabeth Charlton

Q

market share

A

(sales of a business/total market sales) X100

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

price elasticity of demand

A

%change n quantity demanded/ %change in price

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

income elasticity of demand

A

%change in quantity demanded/ %change in income

How well did you know this?

1

Not at all

2

3

4

5

Perfectly