Equations Flashcards
(6 cards)
1
Q
PED
A
Change in quantity demanded / change in price X 100
2
Q
Total revenue
A
Price X quantity
3
Q
YED
A
Change in quantity demanded / change in income X 100
4
Q
Percentage change
A
New - old / old X 100
5
Q
Market share
A
Firms sales / total industry sales X 100
6
Q
Market growth
A
Change in units sold / units sold from previous year X 100
