wealth elasticity of demand
responsiveness in the consumption of a good to a change in a consumers' wealth
Pronunciations
British English
/ˈwɛlθ ɪlɑːˈstɪsɪtɪ əv dɪˈmɑːnd/Open converterAmerican English
/ˈwɛlθ ɪlæˈstɪsɪti ʌv dɪˈmænd/Open converter
These IPA transcriptions are generated from the name above. Proper names may have other pronunciations, and current converter results may differ. How transcription works