Examlex
Intravenous and inhalation are examples of:
Income Elasticity of Demand
A gauge for the sensitivity of demand for an item to shifts in the income levels of buyers.
Sapphire Pendant Necklaces
Jewelry items consisting of pendants made from the gemstone sapphire, typically hung on a chain or necklace.
Income Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in consumers' income, expressed as a percentage change in demand divided by the percentage change in income.
Inferior Good
is a type of good whose demand decreases when consumer income rises, unlike normal goods, for which demand increases when income rises.
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