income-elastic

From Wiktionary, the free dictionary
Jump to navigation Jump to search

English[edit]

Adjective[edit]

income-elastic (comparative more income-elastic, superlative most income-elastic)

  1. (economics) Of a good or service: such that consumer demand increases in line with the amount of money that consumers have available to spend.
Retrieved from "https://en.wiktionary.org/w/index.php?title=income-elastic&oldid=77953293"