income elasticity

English - English

Definition of income elasticity in English English dictionary

elasticity of demand with respect to income, measure of how responsive the level of demand is to a change in income (Finance)

Hyphenation

in·come e·las·tic·i·ty

Turkish pronunciation

înkʌm ilästîsıti

Pronunciation

/ˈənˌkəm ˌēˌlaˈstəsətē/ /ˈɪnˌkʌm ˌiːˌlæˈstɪsətiː/