Examlex
Bubbles are labelled with nouns in
Income Elasticity
A measure of how much the demand for a good changes as the income of consumers changes.
Normal Good
A good for which demand increases as the income of consumers increases, showing a positive correlation between income and demand.
Pizza
A popular dish of Italian origin consisting of a round, flattened base of leavened wheat-based dough topped with tomatoes, cheese, and often various other ingredients.
Income Elasticity
An indicator that shows the variation in demand for a product based on changes in the income levels of consumers.
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