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wealth elasticity of demand

wealth elasticity of demand

responsiveness in the consumption of a good to a change in a consumers' wealth

en-US/ˈwɛlθ ɪlæˈstɪsɪti ʌv dɪˈmænd/

en-GB/ˈwɛlθ ɪlɑːˈstɪsɪtɪ əv dɪˈmɑːnd/

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