Economy, asked by Menaksheraz91931, 1 year ago

What is meant by Engel curve?

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Answered by rohitkumar25252

Answer:

n microeconomics, an Engel curve describes how household expenditure on a particular good or service varies with household income. There are two varieties of Engel curves. Budget share Engel curves describe how the proportion of household income spent on a good varies with income.

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