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IEOD meaning in General ?

Answer» What is Income Elasticity of Demand mean?

In economics, the income elasticity of demand is the responsivenesses of the quantity demanded for a good to a change in consumer income. It is measured as the ratio of the percentage change in quantity demanded to the percentage change in income. If a 10% increase in Mr. Ruskin Smith's income causes him to buy 20% more bacon, Smith's income elasticity of demand for bacon is 20%/10% = 2.

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Intraday data at End Of Day Business
Indicate End of Day General
Income Elasticity of Demand General
Improvised Explosive Ordnance Disposal Governmental


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