Examlex
The item below likely to have the highest income elasticity of demand is:
Population Growth
Population growth refers to the increase in the number of individuals in a population, often measured as the change in an entity's population over time.
Infant Mortality
The rate at which infants under one year old die, often used as an indicator of a country's health and socioeconomic status.
Per Capita Income
The average income earned per person in a specific area or country.
World's Income
The total amount of economic output or earnings generated globally within a specific time period.
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