defiinenace of high income elasticity example on Hindi
Answers
Explanation:
economics, the income elasticity of demand is the responsiveness of the quantity demanded for a good to a change in consumer income. It is measured as the ratio of the percentage change in quantity demanded to the percentage change in income. If a 10% increase in Mr. Ruskin Smith's income causes him to buy 20% more bacon, Smith's income elasticity of demand for bacon is 20%/10% = 2.
Answer:
IN ENGLISH:-
Income elasticity of demand (YED) shows the effect of a change in income on quantity demanded.
Income is an important determinant of consumer demand, and YED shows precisely the extent to which changes in income lead to changes in demand. YED can be calculated using the following equation:
% change in quantity demanded % change in income
IN HINDI:-
मांग की आय लोच (YED) आय में परिवर्तन की मांग के प्रभाव को दर्शाती है।
आय उपभोक्ता मांग का एक महत्वपूर्ण निर्धारक है, और YED यह दर्शाता है कि आय में परिवर्तन से मांग में परिवर्तन होता है। YED की गणना निम्नलिखित समीकरण का उपयोग करके की जा सकती है:
मात्रा में% परिवर्तन ने आय में% परिवर्तन की मांग की