bn:01015371n
Noun Concept
Categories: All Wikipedia articles written in American English, Elasticity (economics), Demand
EN
income elasticity of demand  Engel elasticity  income elasticity  YED
EN
In economics, the income elasticity of demand is the responsivenesses of the quantity demanded for a good to a change in consumer income. Wikipedia
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EN
In economics, the income elasticity of demand is the responsivenesses of the quantity demanded for a good to a change in consumer income. Wikipedia
Variation of demand for goods with respect to income increase Wikidata
An economic metric that measures the responsiveness of a quantity demanded for a good to a change in income, calculated as the percent change in demand over the percent change in income. Wiktionary