What does income-elastic mean?
Income-elastic means (economics) Of a good or service: such that consumer demand increases in line with the amount of money that consumers have available to spend..
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Pronunciation varies by accent · adjective
(economics) Of a good or service: such that consumer demand increases in line with the amount of money that consumers have available to spend..
Use income-elastic when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Income-elastic means (economics) Of a good or service: such that consumer demand increases in line with the amount of money that consumers have available to spend..
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
Use income-elastic where its definition matches the intended context.
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