paper 1 formulas Flashcards

1
Q

percentage change

A

new figure-old figure x100

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2
Q

market growth

A

change / original x100

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3
Q

market size

A

business A sales/business A market share x100

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4
Q

market share

A

firms sales/total industry sales x100

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5
Q

demand and supply diagrams

A
REMEMBER:LACES
Labels
Axes
Curves 
Equilibrium points
Shifts
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