Income elasticity of demand/Definition: Difference between revisions

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imported>Nick Gardner
(New page: The percentage change in the demand for a product that is caused by a unit percentage change in consumers' incomes.)
 
imported>John Dvorak
(No difference)

Revision as of 17:54, 22 May 2008

The percentage change in the demand for a product that is caused by a unit percentage change in consumers' incomes.