DP Economics Questionbank
2.5.3 Income elasticity of demand (YED)
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[N/A]Directly related questions
- 21M.3.HL.TZ0.1d: The demand for Good Z is income inelastic. Define the term income inelastic demand.
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21M.3.HL.TZ0.1e:
Country D is an economically less developed country that specializes in the production of primary products.
Explain two implications for Country D of a relatively low income elasticity of demand for its primary products.
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21N.1.SL.TZ0.1a:
Explain how a decrease in income might affect the demand for normal goods and the demand for inferior goods.
