income elasticity of demand

Noun

Meaning

income elasticity of demand

English Wikipedia has an article on:income elasticity of demandWikipedia
(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

Source: en.wiktionary.org

Close letter words and terms

income criterion income distribution income earned by a country income group income groups income growth