Economy, asked by HEMANTHTHEROCKSTAR, 1 year ago

WHAT IS INCOME DEMAND ?

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Answered by cutygirl22

INCOME DEMAND MEASURES THE RESPONSIVENESS OF THE QUANTITY DEMAND.

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Answered by sumant73

Answer:

In economics, income 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 the quantity demanded to the percentage change in income.

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WHAT IS INCOME DEMAND ?​

Answers

WHAT IS INCOME DEMAND ?