Flashcard sets with a 'income elasticity of demand' term meaning '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'

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1-2 of 2Flashcard sets with a 'income elasticity of demand' term meaning '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'
# Title Terms Date
1Economics-Chapter 5by aznmusic2476 termsOctober 3, 2009
2Econ Ch 4-6 by LizbethTenorio29 termsSeptember 18, 2007
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