| 单词 | income elasticity of demand |
| 释义 | income elasticity of demand noun[U] ukusECONOMICS thedegreeto which thenumberofproductsboughtchangeswhenincomechanges: In Japan, theincomeelasticityofdemandforexportsisfarhigherthan forimports,suggestingasteadilyincreasingtradesurplus. Compare elasticity of demand Examplesofincome elasticity of demandincome elasticity of demand This is because of the observation that theincomeelasticityofdemandis 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.Ifincomeelasticityofdemandof 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 theincomeelasticityofdemand. 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 theincomeelasticityofdemand, 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, theincomeelasticityofdemandof food is between 0 and 1. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Incomeelasticityofdemandcan 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, incomeelasticityofdemand, 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 theincomeelasticityofdemandfor 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, theincomeelasticityofdemandfor some environmental qualities may be negative. From theCambridge English Corpus Theincomeelasticityofdemandwill only be negative when upc is sufficiently positive. 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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