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Meaning of income-elastic | Babel Free

Adjective CEFR C2

Definitions

Of a good or service: such that consumer demand increases in line with the amount of money that consumers have available to spend.

CEFR level

C2

Mastery
This word is part of the CEFR C2 vocabulary — mastery level.

See also

income-poor incomed incomeless incoming incomitant incommensurable