Unit 2b Business Economics
PEARSON (PEARSON)
Here are the best resources to pass Unit 2b Business Economics. Find Unit 2b Business Economics study guides, notes, assignments, and much more.
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Summary
Summary Unit 2b - Business Economics demand
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--4April 20232022/2023Available in bundle
- a) Factors leading to a change in demand: 
o changesinthepricesofsubstitutesand complementary goods 
o changesinconsumerincomes 
o fashions, tastes and preferences 
 o advertising and branding 
o demographics 
o external shocks 
o seasonality
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maariyahpopat
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Summary
Summary Unit 2b - Business Economics supply
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--3April 20232022/2023Available in bundle
- a) Factors leading to a change in supply: o changesinthecostsofproduction o introductionofnewtechnology 
o indirect taxes 
o government subsidies 
 o external shocks
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maariyahpopat
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Summary
Summary Unit 2b - Business Economics markets
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--4April 20232022/2023Available in bundle
- a) The interaction of supply and demand 
b) The drawing and interpretation of supply and demand diagrams to show the causes and consequences of price changes
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maariyahpopat
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Summary
Summary Unit 2b - Business Economics price elasticity of demand
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--4April 20232022/2023Available in bundle
- a) Calculation of price elasticity of demand 
b) Interpretation of numerical values of price elasticity of demand 
c) The factors influencing price elasticity of demand 
d) The significance of price elasticity of demand to businesses in terms of implications for pricing 
e) Calculation and interpretation of the relationship between price elasticity of demand and total revenue
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maariyahpopat
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Summary
Summary Unit 2b - Business Economics Income elasticity of demand
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--2April 20232022/2023Available in bundle
- a)Calculation of income elasticity of demand 
b) Interpretation of numerical values of income elasticity of demand 
c) The factors influencing income elasticity of demand 
d) The significance of income elasticity of demand to businesses
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£7.49 More Info
maariyahpopat