Economy, asked by priyakchauhan97226, 10 months ago

what is the income elasticity demand??

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Answered by Esha058

3

Answer:Income elasticity of demand is an economic measure of how responsive the quantity demand for a good or service is to a change in income. The formula for calculating income elasticity of demand is the percent change in quantity demanded divided by the percent change in income.

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Answered by amitjaishwal716

0

Answer:

may it helps uhhh... please mark as brainlist....

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