Micro Flashcards by Daniel Porter | Brainscape

Q

What is the formula for PED

A

% change in QD / % change in price

% change = difference / 1st number x 100

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Q

XED formula

A

% change in QD / % change in QD

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Q

YED formula

A

% change in D / % change in real income

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Q

PES formula

A

% change in QS / % change in price

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