Theme 1 - Formulas 3.0 / 5 based on 1 rating ? Business StudiesBusiness PlansASEdexcel Created by: 2007zshahzadCreated on: 04-04-19 22:11 Market share (Sales of a business / Total sales in a market) *100 1 of 5 Price elasticity of demand (PED) % change in quantity demanded / % change in price 2 of 5 Income elasticity of demand (YED) % change in quantity demanded / % change in income 3 of 5 Percentage change (New figure - Old figure / Old figure ) *100 4 of 5 Sales value (revenue) Selling price * Quantity sold 5 of 5
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