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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