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Edexcel A Level Business - 1.2 The market - Theme 1 Flashcards | StudBud
Edexcel A Level Business - 1.2 The market - Theme 1
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The formula for income elasticity of demand (YED) is:
A
YED = % Δ Qd / % Δ Y x 100
B
YED = % Δ Qd x % Δ Y
C
YED = % Δ Qd / % Δ Y
D
YED = % Δ Y / % Δ Qd
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