Example of Income Elasticity of Demand Consider a local car dealership that gathers data on changes in demand and consumer income for its cars for a particular year. When the average real income ...

In economics, this most frequently refers to demand elasticity, or how demand fluctuates based on changes in other factors, such as price, income, and more. The opposite of elasticity is inelasticity.

Nripesh Podder, On the Relationship between the Gini Coefficient and Income Elasticity, Sankhyā: The Indian Journal of Statistics, Series B (1960-2002), Vol. 57, No. 3 (Dec., 1995), pp. 428-432 ...

In other countries that have a Gini coefficient between 0.3 and 0.35, their elasticity ranges between 0.2 and 0.5. Those with higher elasticity scores are associated with less upward mobility.

L. Di Matteo, The Income Elasticity of Health Care Spending: A Comparison of Parametric and Nonparametric Approaches, The European Journal of Health Economics, Vol. 4, No. 1 (2003), pp. 20-29 ...