Formulas you may need: Price Elasticity of Demand = % change…
Formulas you may need: Price Elasticity of Demand = % change in quantity demanded / % change in price % change in quantity demanded = (new quantity – old quantity) / old quantity % change in price = (new price – old price) / old price Break-Even Volume (BEV) = fixed costs / unit margin OR BEV = fixed costs / (revenue per unit – variable cost per unit)
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