Foreıgn Trade Deneme Sınavı Sorusu #1391322

Which one of the following refers to the degree of responsiveness of demand for a commodity or a service against a change in income, provided that all other things remain the same?


Factor price index

Income elasticity of demand

Increasing returns to scale

Factor-intensity reversal

Unemployment rate


Yanıt Açıklaması:

Income elasticity of demand: It is the degree of responsiveness of demand for a commodity or a service against a change in income, provided that all other things remain the same

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