noun
income elasticity of demand
Technical economics term; measures how demand for a good changes in response to a change in consumer income.
需要の所得弾力性が高い商品は、景気の影響を受けやすい。
Goods with high income elasticity of demand are easily affected by economic conditions.
このレポートでは、各製品の需要の所得弾力性を分析した。
In this report, we analyzed the income elasticity of demand for each product.
Price elasticity of demand; measures responsiveness to price changes, while 需要の所得弾力性 measures responsiveness to income changes.
Compound of 需要 (demand), 所得 (income), and 弾力性 (elasticity). A direct translation of the English economics term.