Key equations in Business 0.0 / 5 ? Business StudiesEquationsA2/A-levelAQA Created by: briaferne1Created on: 29-01-18 12:13 Income Elasticity Of Demand (%change in quantity demand) divided by (% change in income) 1 of 6 Pirce Elasticity Of Demand (% change in quantity demand) divided by (% change in price) 2 of 6 Market Share ((Sales of product or brand or company) divided by (total sales in market)) then x 100 3 of 6 Market growth (Market size in year- market size in previous year) divided by (market size in previous year) then x100 4 of 6 Market size Unit x Average selling price 5 of 6 Sales Growth ((sales in year) - (sales in previous year)) divided by (sales in previous year) then x 100 6 of 6
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