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Income elasticity |
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Income elasticityNormally the income elasticity of demand; that is, the elasticity of demand with respect to income.Similar MatchesPrice elasticityPrice elasticityThe elasticity of supply or demand with respect to price. Elasticity of substitutionElasticity of substitutionThe elasticity of the ratio of two inputs to a production (or utility) function with respect to the ratio of their marginal products (or utilities). With competitive demands, this is also the elasticity with respect to their price ratio. For example, with factors L,K and factor prices w,r, the elasticity of substitution of a production function F(K,L) is s = (wL/rK)d(K/L)/d(w/r). Armington elasticityArmington elasticityThe elasticity of substitution between products of different countries. Import demand elasticityImport demand elasticityThe elasticity of demand for imports with respect to price. Arc elasticityArc elasticitySee elasticity Further SuggestionsDemand elasticityElasticity of demand for exports Constant elasticity of substitution function Elasticity Point elasticity Cross elasticity Import elasticity Elasticity of demand for imports Supply elasticity |
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