Economy, asked by parshvnishar466, 5 months ago

what is income elascitiy of demand

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Answered by zohamkhan3997

Answer:

In economics, the income elasticity of demand is the responsiveness of the quantity demanded for a good to a change in consumer income. It is measured as the ratio of the percentage change in quantity demanded to the percentage change in income.

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Answered by yadava02748

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what is income elascitiy of demand​

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what is income elascitiy of demand