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

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See other definitions of term:income elasticity of demand

1-1 of 1Flashcard sets with a 'income elasticity of demand' term meaning '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'
# Title Terms Date
1Micro Reviewby sumari-chan86 termsMay 6, 2009
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