Preferred Term:
income elasticities
Definition:
Relationships between the amount of goods demanded as income grows (= % change in quantity / % change in income).
Concept Schemes:
NALT Full
Broader Concept:
Entry Terms:
- income elasticity of demand
URI:
https://lod.nal.usda.gov/nalt/36122
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RDF/XMLCreated 2006-01-19, last modified 2015-03-04