Economy, asked by anujgeraANUJ6392, 1 year ago

Point elasticity of demand from the demand function

Answers

Answered by Vaibhavverma73

In economics, income elasticity of demand measures 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.

Previous Question

Next Question

Similar questions

English, 7 months ago

The doctor in the story 'The Snake and the Mirror' reaches his friend's house at night. He tells his friend what had happened. Write the likely narrative.

English, 7 months ago

compound words for Goodwill...

Accountancy, 7 months ago

state any two modes of retirement...

Math, 1 year ago

In how many ways can we give change for rs 100 using 1 rupee and 2 rupee coins? For example for 5 rs we can give three ways (1,1,1,1) (1,1,1,2) )(,1,2,2) answer: 51...

English, 1 year ago

what is the answer of this logical question : good + good = ?

English, 1 year ago

Garmi ki chuttiyan Hindi essay...

English, 1 year ago

write a report on your visit to an old age home...

Social Sciences, 1 year ago

How are the three sector of the economy different from each other?Explain...