Topics
Income elasticity of demand
Income elasticity of demand measures the relationship between a change in quantity demanded for good X and a change in real income.
Technically: Income elasticity of demand refers to the percentage change in demand or expenditure accompanied by 1% change in income (Varian, 2006)
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IB Economics - Income Elasticity of Demand
Study Notes
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1.2.3 Income Elasticity of Demand (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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4.1.3.2 Income Elasticity of Demand (AQA A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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Cross Price Elasticity of Demand
Study Notes
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Inferior Goods
Topic Videos
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Elasticity of Demand Revision Resources
3rd December 2022
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Income Elasticity of Demand
Topic Videos
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Business Growth: Lidl's UK Profits Quadruple
17th November 2022
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Contestable Markets - Where now for UK grocers as Aldi overtakes Morrisons?
18th September 2022
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Cost of Living Crisis - Boots debuts 'Everyday' budget essentials range
7th September 2022
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The heatwave and demand for bottled water
12th July 2022
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Patterns of Spending - Demand for Camping and Caravans Surges
22nd April 2022
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Normal Goods
Topic Videos
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Understanding Prices - Why Hasselblad Cameras Are So Expensive
9th August 2021
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Elasticity of Demand and Supply - Selection of Revision MCQs
Practice Exam Questions
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Demand for cosmetic treatments falls 40% in 2016
13th February 2017
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Price elasticity of demand (Revision Presentation)
Teaching PowerPoints
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Income & Cross Elasticity Revision Quiz
Quizzes & Activities
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How Markets Work - Income Elasticity of Demand
Teaching PowerPoints
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Elasticities of Demand MCQ Revision Question
Practice Exam Questions
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Will small scale coffee growers survive the crisis?
4th May 2020
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Introduction to Economics and the Operations of Markets - take the Yes/No challenge
Quizzes & Activities
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Price and Income Elasticities - "Match Up" Activity
Quizzes & Activities
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Calculating Income Elasticity of Demand
Topic Videos
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Coefficients of Elasticity of Demand
Topic Videos
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Demand and Supply - 60 Second Challenge (Knowledge Retrieval Activity)
Quizzes & Activities
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How Markets Work - Elasticity of Demand
Study Notes
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Test 21: Price Theory and Elasticity
Topic Videos
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Factors Affecting Price Elasticity of Demand
Study Notes
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Explaining Price Elasticity of Supply
Study Notes
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Explaining Income Elasticity of Demand
Study Notes
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Premium demand lifts whisky sales
30th October 2017
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Elasticity of Demand & Supply Revision Quiz
Quizzes & Activities
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Stellios opens his easyFoodstore with 25p offers!
2nd February 2016
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Engaging Lesson Starter - Conveyor Belt Memory Game
29th January 2016
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Launch of the Apple Watch
10th March 2015
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Coffee Snobs who Refuse to Drink Instant!
9th September 2015
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Kenya's growing thirst for coffee
12th October 2015
