"income elasticity of demand" meaning in All languages combined

See income elasticity of demand on Wiktionary

Noun [English]

Head templates: {{en-noun|?}} income elasticity of demand
  1. (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 Wikipedia link: income elasticity of demand Categories (topical): Economics Related terms: price elasticity of supply Translations (sensitivity of demand to change in price): kysynnän tulojousto (Finnish)
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This page is a part of the kaikki.org machine-readable All languages combined dictionary. This dictionary is based on structured data extracted on 2024-11-06 from the enwiktionary dump dated 2024-10-02 using wiktextract (fbeafe8 and 7f03c9b). The data shown on this site has been post-processed and various details (e.g., extra categories) removed, some information disambiguated, and additional data merged from other sources. See the raw data download page for the unprocessed wiktextract data.

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