Encyclopedia > W > Wealth elasticity of demand
Wealth elasticity of demand
Wealth elasticity of demand in microeconomics is the proportional change in the consumption of a good caused by unanticipated net wealth changes (as opposed to changes in personal income). Measuring and accounting for the variability in this elasticity is a continuing problem in Behavioral finance and Consumer theory.
Information are taken from Wikipedia, the open encyclopedia, to which contribute many volunteers from around the whole world. Texts are available under the following conditions GNU Free Documentation License.
Encyklopedie (cz) Encyklopédia (sk) Enzyklopädie (de)