Question

need more examples for income elasticity of demand​

Answer 1

Answer:

Examples of necessity goods and services include tobacco products, haircuts, water, and electricity. ... Inferior goods have a negative income elasticity of demand; as consumers' income rises, they buy fewer inferior goods. A typical example of such type of product is margarine, which is much cheaper than butter.

Answer 2

Answer:

https://www.investopedia.com/terms/i/incomeelasticityofdemand.asp

Explanation:

Visit abve mentioned link.

Or Search On Investopedia. Coz there is So much of Info