Home of real teaching & learning
  • Full support for teachers
  • Focus on critical thinking
  • Engaging classroom activities
  • Integrated student eBook
  • Assessed tasks / qBank
  • Practice exam questions
Find out more Download brochure

The InThinking Guarantee: Our sites are written by expert practitioners and not by AI

See our AI policy

Disclaimer: InThinking subject sites are neither endorsed by nor connected with the International Baccalaureate Organisation.

Don't miss out, find out!

Unit 2.5: Income elasticity of demand (YED)

This page contains the activities, with student access, for the teacher page: Unit 2.5: Income elasticity of demand (YED) Income elasticity of demand (YED) - the responsiveness of demand for a good or service following a change in real income levels. YED formulae - % change in demand for a good or service / % change in consumer income. Normal good - a good or service with a direct relationship between income and...

Tags: YED

Help