Question

give the formula to measure income of electricity of demand​

Answer 1

Answer:

The formula for calculating income elasticity of demand is the percent change in quantity demanded divided by the percent change in income. With income elasticity of demand, you can tell if a particular good represents a necessity or a luxury.

Answer 2

Explanation:

The formula for calculating income elasticity of demand is the :-

percent change in quantity demanded / the percent change in income.