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If you have $10,000 that you do not currently need for expenses and you wish to put it somewhere so that it will earn a return, which of the following financial institutions would you not choose?
Income Elasticity
A measure of how much the demand for a good or service changes in response to changes in consumer income.
Demand Increase
A situation where the quantity of a product or service that consumers are willing and able to buy at a given price rises.
Price Elasticity
The sensitivity measure of demand for a good relative to its price changes.
Demand Curve
It illustrates the relationship between the price of a good or service and the quantity demanded for a given period, assuming all other factors are constant (ceteris paribus).
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