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Economics A Level (DONEEEEEEE)
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Pregunta:
What is Income Elasticity?
Autor: eric_galvaoRespuesta:
-This is when YED is Greater than 1 -This means that Every Single % Increase in Income [Or Cuts] leads to Greater % in Demand -In an Income [Y Axis] Quantity Demanded [X Axis] Graph, It wouldn’t look Steep
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eric_galvao