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INCOME DEMAND ELASTICITY [4 records]

Record 1 2004-09-16

English

Subject field(s)
  • Marketing Research
  • Laws of the Market (Economy)
DEF

A measure of the percentage change in the demand for a commodity or service as induced by a given percentage change in the income of the individual.

Key term(s)
  • income flexibility of demand

French

Domaine(s)
  • Étude du marché
  • Lois du marché (Économie)

Spanish

Campo(s) temático(s)
  • Estudio del mercado
  • Leyes del mercado (Economía)
Save record 1

Record 2 2002-01-15

English

Subject field(s)
  • Laws of the Market (Economy)
  • Economic Conditions and Forecasting
DEF

A measure of the change in supply and/or demand as income changes.

CONT

... consumption function analysis is a rich and controversial field of economic research and there is no agreement on the definitive estimates of the income elasticity of demand for goods and services.

French

Domaine(s)
  • Lois du marché (Économie)
  • Prévisions et conjonctures économiques
DEF

Faculté de la demande de s'accroître en fonction de l'augmentation des revenus.

Spanish

Campo(s) temático(s)
  • Leyes del mercado (Economía)
  • Previsiones y condiciones económicas
Save record 2

Record 3 2001-09-06

English

Subject field(s)
  • Laws of the Market (Economy)
  • Pricing Theory
  • Saving and Consumption
DEF

Any good or service whose demand decreases as income increases; that is the income effect is positive and its income elasticity of demand is negative.

Key term(s)
  • inferior goods

French

Domaine(s)
  • Lois du marché (Économie)
  • Théorie des prix
  • Épargne et consommation
DEF

Bien dont la consommation décroît à mesure que les revenus du consommateur augmentent.

Key term(s)
  • biens inférieurs

Spanish

Campo(s) temático(s)
  • Leyes del mercado (Economía)
  • Teoría de fijación de precios
  • Ahorro y consumo
DEF

Aquellos cuya demanda se mueve en sentido opuesto a las variaciones de la renta de los consumidores, debido a que las preferencias de éstos van desplazándose a otros bienes (superiores) más estimados.

OBS

bien inferior: término extraído del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

Key term(s)
  • bienes inferiores
Save record 3

Record 4 1999-02-26

English

Subject field(s)
  • Laws of the Market (Economy)
  • Pricing Theory
DEF

A quantitative measure of the quantity of a demanded or supplied product in response to a change in product price.

OBS

Usually taken to refer to the(own) "price elasticity of demand", but care should be taken to specify which elasticity of demand is being discussed.(See "Price Elasticity of Demand", "Gross Elasticity of Demand", Income Elasticity of Demand).

OBS

elasticity of demand: term reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.

French

Domaine(s)
  • Lois du marché (Économie)
  • Théorie des prix
DEF

rapport entre la variation de la quantité demandée d'un bien et de la variation d'un autre facteur tel que le prix du bien ou le revenu du consommateur; [...]

OBS

élasticité de la demande : terme extrait du CAPITAL Business Dictionary et reproduit avec l'autorisation de LID Editorial Empresarial.

Spanish

Campo(s) temático(s)
  • Leyes del mercado (Economía)
  • Teoría de fijación de precios
DEF

Medida del comportamiento de la demanda en función de las variaciones de precio. Es el cociente entre el cambio porcentual en la cantidad y el cambio porcentual en el precio. La demanda es inelástica si el cambio porcentual en la cantidad es inferior a la variación porcentual del precio (elasticidad menor que uno). La demanda es elástica si el cambio porcentual en la cantidad es mayor que la variación porcentual del precio (elasticidad mayor que uno).

OBS

elasticidad de la demanda: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

Save record 4

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