Calculating Income Elasticity of Demand
- Levels: AS, A Level, IB, BTEC Level 3, BTEC Tech Award
- Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC
In this short revision video we look at two calculations of income elasticity of demand for different products.
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Examiner - A-level Economics
AQA, Home based
- Economics
- Student videos
- Income
- Household Income
- Income elasticity of demand
- Inferior good
- Luxury Goods
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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