Economics B A-Level
Percentage changes
What Percentage changes means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Percentage changes
Check what you remember
Read the wording for your board, then hide it and explain Percentage changes in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Found using the formula ((New Value - Original Value) / Original Value) × 100, dividing by the original value rather than the new value.
Topics that use Percentage changes
- Price elasticity of demand (PED) (Pearson Edexcel A-Level)
Related terms
- Necessity versus luxury
- Price elastic demand
- Price elasticity of demand
- Price inelastic demand
- Pricing strategies
- Substitutability
- Time periods in economics
- Total revenue
Using Percentage changes in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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