income elasticity
collocation in Englishmeaningsofincomeandelasticity
These words are often used together. Click on the links below to explore the meanings. Or,see other collocations withelasticityorincome.
income
noun[C or U]
uk/ˈɪŋ.kʌm/us/ˈɪn.kʌm/
money that is earned from doing work or received ...
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elasticity
noun[U]
uk/ˌi.læsˈtɪs.ə.ti/us/ˌi.læsˈtɪs.ə.t̬i/
the ability ...
See more atelasticity
(Definition ofincomeandelasticityfrom theCambridge English Dictionary© Cambridge University Press)
Examplesofincome elasticity
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.
That estimatedincomeelasticitywas 0.959.
From theCambridge English Corpus
This is based on the results of numerous studies onincomeelasticityof health care expenditure.
From theCambridge English Corpus
From such curves we ought not to infer anything more than that theincomeelasticityof environmental improvements is positive.
From theCambridge English Corpus
Second, theincomeelasticityof demand for some environmental qualities may be negative.
From theCambridge English Corpus
There is no special significance of anincomeelasticityequal to one.
From theCambridge English Corpus
Conceptual models show that the influence of preferences in general and theincomeelasticityin particular maybe weakened by production and abatement relations.
From theCambridge English Corpus
The minor forest product is a normal good with unit elasticity; shadowincomeelasticityis equal to 0.82.
From theCambridge English Corpus
Other factors, such as abatement costs or the impact of pollution on production may over-rideincomeelasticityeffects on the demand for environmental quality.
From theCambridge English Corpus
This paper assess the role of preferences and, in particular, theincomeelasticityof demand for environmental quality on the pollution-income path.
From theCambridge English Corpus
More inelastic schedules of the marginal utility of consumption increase theincomeelasticityof demand for the environment and reduce the growth in pollution.
From theCambridge English Corpus
In contrast to the effect of price on organic product demand,incomeelasticityof demand for organic products is small.
From theCambridge English Corpus
Long-runincomeelasticityis 0.96 and, while still indicating inelasticity, the level of that inelasticity is less than was observed in the short run.
From theCambridge English Corpus
Therefore, they did not impose a unitincomeelasticityof real money demand in the long-run.
From theCambridge English Corpus
This, however, is a long way from evidence on theincomeelasticityof demand for reductions in air pollutants or other pollutants experienced.
From theCambridge English Corpus
Moreover, microeconomic environmental valuation studies do not offer conclusive evidence in support of a highincomeelasticityof demand for environmental quality.
From theCambridge English Corpus
When the out-of-pocket price is zero, theincomeelasticityof demand for medical care is close to zero (9).
From theCambridge English Corpus
More precisely, the disposable income-taxableincomeelasticitymust belong to (0.89, 1.11) in order for the model to predict the convergence region of (0.015, 0.030).
From theCambridge English Corpus
The lower-case models show only preferences and will permit the direct construction of theincomeelasticityof demand in terms of the utility function.
From theCambridge English Corpus
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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