Examlex
If the income elasticity of demand for a good is zero,then
Income
The financial gain received by an individual or a business in exchange for providing a good or service or through investing capital.
Price
The amount of money required to purchase a good or service, determined by factors such as demand, supply, and production cost.
Law Of Demand
The claim that, other things being equal, the quantity demanded of a good falls when the price of the good rises
Price
The monetary value assigned to a product or service, determined by various factors including supply and demand, production cost, and market competition.
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