Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Free Economics resources

Study Notes

Explaining Income Elasticity of Demand

Level:
A-Level, IB Diploma
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 2 Jul 2018

Share this content:

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.

Share this content:

You might also like

In the News Teaching Activity – Did the Budget help the working people of Britain? (Nov 2026)

2nd November 2026

In the News Teaching Activity – are UK consumers losing confidence? (Oct 2026)

29th October 2026

The Engine of the Economy: What’s Driving UK Consumer Spending?

22nd September 2026

In the News Teaching Activity – Toy sales are rising (Nov 2025)

20th November 2025

In the News Teaching Activity – has Costa coffee gone out of fashion? (Sept 2025)

4th September 2025

In the News Teaching Activity – Coca Cola may increase its use of plastics as tariffs are set to increase the price of aluminium (Feb 2025)

20th February 2025

How Budget Anxiety is Shaping the UK Economic Landscape

20th September 2024

Fast Food Frenzy: How Meal Deals are Changing the Game

5th August 2024