Assertion: income elasticity | /r/HasProperty | yed
Facets:
Source sentences:
text: Income elasticity of demand (YED), which measures the responsiveness of quantity demanded to a change in consumer incomes.
text: Income elasticity of demand (Ey, here y stands for income) tells us the relationship a product's quantity demanded and income.
text: Income Elasticity of Demand (YED) is defined as the responsiveness of demand when a consumer’s income changes.