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| income elasticity of demand definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | a measure of how much the quantity demanded of a good responds to a change in consumers' income, computed as the percentage change in quantity demanded divided by the percentage change in income | 7 sets | |
| 2 | a measure of the responsiveness of the quantity demanded to changes in income, measured by the percentage change in quantity demanded divided by the percentage change in income. | 2 sets | |
| 3 | a measure of responsiveness of quantity demanded to changes in income | 2 sets | |
| 4 | the percent change in the quantity of a good demanded in response to a one percent change in income | 2 sets | |
| 5 | the percentage change in the quantity demanded of a good in response to a 1 percent change in income | 2 sets | |
| 6 | measures the degree to which consumers respond to a change in their incomes by buying more or less of a particular good | 2 sets | |
| 7 | a measure of consumer response to a change in the consumer's income. (ei = income elasticity of demand) | 2 sets | |
| 8 | a measure of how much the quantity demanded of a good responds to a change in consumer's income, computed as the % change in quantity demanded divided by the % change in income | 2 sets | |
| 9 | measures the responsiveness of the quantity demanded of a good to the change in the income of the people demanding the good. formula: (%change in quantity demanded) / (%change in income) = income elasticity | 2 sets | |
| 10 | it is about measuring the responsiveness of the quantity demanded of a good to the change in the income of the people demanding the good. | 2 sets | |
| 11 | the percentage change in the quantity demanded in response to a given percentage change in income, y; dq/dy * y/q | 1 set | |
| 12 | ratio of the % change in qd to % change in income | 1 set | |
| 13 | measures how much quantity demanded responds to changes in buyers' incomes | 1 set | |
| 14 | measures the responsiveness of consumer purchases to a change in income. ratio of the percentage change in demand for a product to a percentage change in consumer income, if positive the good is normal, if negative the good is inferior, is percentage change in demand for the good divided by percentage change in income | 1 set | |
| 15 | equals the percentage change in the quantity demanded of a good in response to a 1 percent change in income | 1 set | |
| 16 | a measure of the responsiveness of demand to changes in income | 1 set | |
| 17 | measures the degree to which consumers respond to a change in their incomes by buying more or less of a particular good; shows whether a good is normal or inferior | 1 set | |
| 18 | how much qd responds to change in consumer income | 1 set | |
| 19 | measures the resposiveness of the demand for a commodity to a change in income | 1 set | |
| 20 | a measure of how much the quantity demnded of a good responds to a change in consumers' income, computed as the percentage change in quantity demanded divided by the percentage change in income | 1 set | |
| 21 | the percentage change in the quantity demanded in response to a given percentage change in income | 1 set | |
| 22 | measures the response of qd to a change in consumer income | 1 set | |
| 23 | the percentage change in quantity demanded divided by percentage change in income | 1 set | |
| 24 | the percentage change in the demand for a good divided by the percentage change in income, everything else held constant | 1 set | |
| 25 | the percentage change in the quantity demanded of a good or service divided by the percentage change in consumer income | 1 set | |
| 26 | measures the responsiveness of demand to a change in income | 1 set | |
| 27 | the percentage change in the quantity demanded of a good in response to a 1 percent change in income. | 1 set | |
| 28 | a measure of how much the quantity demanded of a good responds to a change in consumers' income, computed as the percentage change in quantity demanded divided by the percentage change in income. | 1 set | |
| 29 | measures responsiveness of demand to changes in income; positive: goods are normal; negative: goods are inferior | 1 set | |
| 30 | a measure of how much the demand for a good is affected by changes in consumers' incomes. % change in quantity demanded over % change in income | 1 set | |
| 31 | measures the percentage change in demand caused by a given percentage change in income | 1 set | |
| 32 | measures the degree to which consumers respond to a change in their incomes by buying more or less of a particular good. (percentage change in quantity demanded// percentage change in income) | 1 set | |
| 33 | measure of how much the quantity demanded of a good responds to a change in consumers' income, computed as percent change in qd divided by percent change in income | 1 set | |
| 34 | the percentage change in demand divided by the percentage change in income | 1 set | |
| 35 | the responsiveness of demand to a change in income; percentage change in the quantity demanded divided by percentage change in income | 1 set | |
| 36 | the percentage change in quantity demanded associated with a 1 percent increase in income. | 1 set | |
| 37 | measures the degree to which consumers respond to a change in their salaries by buying more or less of a particular good | 1 set | |
| 38 | a measure of how much the quantity demanded of a good responds to a change in consumers' income, computed as teh percentage change in quantity demanded divided by the percentage change in income | 1 set | |
| 39 | the percentage change in demand for any good, holding its price constant, divided by the percentage change in income; the responsiveness of demand to changes in income, holding the good's relative price constant. | 1 set | |
| 40 | a measure of the responsiveness of quantity demanded to a change in income | 1 set | |