Economy, asked by omkhatri7507, 7 months ago

5) Degree of responsiveness of quantity demanded to change in income only.

Answers

Answered by doubtkiller75

0

Mark me as brainliest

Income elasticity of demand is an economic measure of how responsive the quantity demand for a good or service is to a change in income. The formula for calculating income elasticity of demand is the percent change in quantity demanded divided by the percent change in income.

Previous Question

Next Question

Similar questions

English, 3 months ago

what is the synonym word of dislike...

English, 3 months ago

Unscramble these words. You can take help from the chapters that have been covered before the commencement of summer vacations. 1.liysmlcu 2.otremo 3.oasch 4.tchfe 5.clepriks ...

Math, 3 months ago

the sum of the roots of a quadratic equation is 5 and the product of the roots is also 5 then equitation is...

Chemistry, 7 months ago

please answer this........

English, 7 months ago

make the sentences interrogative no 1. hari goes to the village school 2. mala works in a bank . 3. his parents live in France. 4. poonam goes to her office by car . 5. delicious grapes grow in our garden. 6. your grandmother tells interesting stories.

Math, 1 year ago

in an envelope there are some 5 rupee notes and some 10 rupee notes total amount of these notes together is 350 rupees. number of 5 rupee notes are more by 10 than number of 10 rupee notes. then find the number of 5 rupee and 10 rupee notes ...

English, 1 year ago

For the reactions :- A = B; Kc = 2, B = C; Kc = 4, C=D; Kc = 6 K for the reaction A= D:-...

Math, 1 year ago

टीचर : मैं 2 वाक्य दूंगा आपको उसमें अंतर बताना है 1. उसने बर्तन धोये 2. उसे बर्तन धोने पड़े संजू : पहले वाक्य में कर्ता अविवाहित है और दुसरे वाक्य में कर्ता विवाहित है। टीचर अभी तक बेहोश है। how it is ??