Flashcard sets with a 'income elasticity of demand' term meaning 'the percentage change in the quantity demanded in response to a given percentage change in income, y; dq/dy * y/q'

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1-1 of 1Flashcard sets with a 'income elasticity of demand' term meaning 'the percentage change in the quantity demanded in response to a given percentage change in income, y; dq/dy * y/q'
# Title Terms Date
1Micro Ch. 2: Supply and Demandby nezzytoe9121 termsSeptember 13, 2009
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