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NAL Agricultural Thesaurus
U.S. Department of Agriculture

Concept Breadcrumbs

Fields of Study > economics > econometrics > elasticities > income elasticities
Economics, Trade, Law, Business, Industry > economics > econometrics > elasticities > income elasticities
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:
elasticities
Related Concepts:
Entry Terms:
  • income elasticity of demand
URI:
https://lod.nal.usda.gov/nalt/36122
Download this Concept:
RDF/XMLCreated 2006-01-19, last modified 2015-03-04