Study Notes
Explaining Income Elasticity of Demand
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 2 Jul 2018
Income elasticity of demand measures the relationship between a change in quantity demanded for good X and a change in real income. Check out our short revision video on income elasticity of demand.
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Revision Flashcards for A-Level Economics Students
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