The formula for income elasticity of demand is: elasticity = % change in quantity demanded / % change in price This is because we are looking for how much a change in price affects (or changes) the quantity demanded. The way I remember this is the abbreviation QPR, Quantity demanded over PRice. My economics teacher joked about alot and said that Queens Park Rangers (QPR) are the best football team 😂 We know that's not true, but we let him believe it 😄
Asked by Greta
What is the best way to structure and write the unseen poetry section in AQA for the top marks?