Question

heya..

define ..

income elascity of demand

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Answer 1

Answer:

heya..

here is ur answer

a proportionate change in quantity demanded in response be a proportionate change in consumer income

Answer 2

Explanation:

In economics, income elasticity of demand measure the responsiveness of the quantity demanded for a good or service to a change in income. It is calculated as the ratio of the percentage change in quantity demanded to the percentage change in income..