Speakur

Word Pronunciation & Dictionary

income elasticity of demand

Word Rarity Rare

Frequency: Zipf frequency 3.09 in modern English

Syllables
in-come e-las-tic-i-ty of de-mand
IPA
40
Scrabble Score
24
Letters
7
Syllables
13
Unique Chars

Meaning

noun

an economic metric that measures the responsiveness of a quantity demanded for a good to a change in income, calculated as the percent change in demand over the percent change in income

Phrases

price elasticity of supply

Frequently Paired Words

price elasticity of supply

Questions

What does income elasticity of demand mean?
an economic metric that measures the responsiveness of a quantity demanded for a good to a change in income, calculated as the percent change in demand over the percent change in income

How to pronounce income elasticity of demand

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