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. (percentage change in quantity demanded// percentage change in income)'

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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. (percentage change in quantity demanded// percentage change in income)'
# Title Terms Date
1Econ REVIEWby darthtater84 termsApril 26, 2009
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