Advertisements
Advertisements
प्रश्न
What is meant by income elasticity of demand?
लघु उत्तर
Advertisements
उत्तर
Income elasticity of demand `(E_i^d)` measures the responsiveness of the quantity demanded of a good to a change in consumer income. It shows how the demand for a good changes as a result of a change in income, indicating whether the good is a normal good or an inferior good.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
