income elasticity of demand

English

Noun

income elasticity of demand

English Wikipedia has an article on:

income elasticity of demand

(economics) 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

Translations

sensitivity of demand to change in price

Finnish: kysynnän tulojousto

See also

price elasticity of supply

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