8.12: Income Elasticity, Cross-Price Elasticity and Other Types of
https://socialsci.libretexts.org/Courses/Lumen_Learning/Book%3A_Microeconomics_(Lumen)/08%3A_Module_5-_Elasticity/8.12%3A_Income_Elasticity_Cross-Price_Elasticity_and_Other_Types_of_Elasticities
Web ResultThe income elasticity of demand is the percentage change in quantity demanded divided by the percentage change in income, as follows: For most products, most of the time, the income elasticity of demand is positive: that is, a rise in income will cause an increase in the quantity demanded.
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