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Topic:	Business
Number of pages / Number of words:	4 / 1118

Essay's paper body

Income Elasticity

Measure of consumer responses to changes in income

Income elasticity = %change in Qd

% change in income

? Normal goods ? consumers purchase more as income rises

? Inferior goods ? quantity demanded falls when income rises

1. A positive income elasticity indicates a normal or superior good...

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Income Elasticity

Measure of consumer responses to changes in income

Income elasticity = %change in Qd

% change in income

? Normal goods ? consumers purchase more as income rises

? Inferior goods ? quantity demanded falls when income rises

1. A positive income elasticity indicates a normal or superior good...

Essay fragment

General points of the essay

Canadian Income Tax I Income Elasticity of Demand Income Smoothing Income Tax Law Research Income Tax Research Income Tax Income Taxes Price/Income Elasticity of Demand Wage Income National Income Income Tax in India income Household Income Income GAPS Income Gap

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