| 词汇 | income-elasticity-of-demand |
| 释义 | income elasticity of demand noun[ U ] ukus ECONOMICS the degree to which the number of products bought changes when income changes: In Japan, the income elasticity of demand for exports is far higher than for imports, suggesting a steadily increasing trade surplus. Compare elasticity of demand Examples of income elasticity of demandincome elasticity of demand This is because of the observation that the incomeelasticityofdemand is greater for manufactured goods than that for primary products. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. If incomeelasticityofdemand of a commodity is less than 1, it is a necessity good. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. It did not put forward any estimate of the incomeelasticityofdemand. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. This is analogous to the definition of the income effect from the incomeelasticityofdemand, or the substitution effect from the price elasticity. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. In other words, the incomeelasticityofdemand of food is between 0 and 1. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Incomeelasticityofdemand can be used as an indicator of industry health, future consumption patterns and as a guide to firms investment decisions. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Frequently used elasticities include price elasticity of demand, price elasticity of supply, income elasticityofdemand, elasticity of substitution between factors of production and elasticity of intertemporal substitution. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. A common explanation for the phenomenon is the observation that the incomeelasticityofdemand for manufactured goods is greater than that for primary productsespecially food. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Second, the incomeelasticityofdemand for some environmental qualities may be negative. The incomeelasticityofdemand will only be negative when upc is sufficiently positive. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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