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The economist calculated the income elasticity of demand to predict how a rise in wages would affect consumer spending on luxury goods.
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The economist calculated the income elasticity of demand to predict how a rise in wages would affect consumer spending on luxury goods.
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Related words
income elasticity of demand
Noun
Japanese Meaning
（経済学）所得の変化に対して、ある商品の需要量がどの程度変動するかを示す経済指標。 / 需要が所得の変化に対してどれだけ敏感かを測定するための比率や指標。
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