income-elastic

adjective

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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Meanings

adjectiveincome-elastic (comparative more income-elastic, superlative most income-elastic)

comparative more income-elastic · superlative most income-elastic

  1. economicsOf a good or service: such that consumer demand increases in line with the amount of money that consumers have available to spend.
Cite this entry
APA

income-elastic. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/income-elastic

MLA

“income-elastic.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/income-elastic. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “income-elastic,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/income-elastic.

Source: income-elastic on Wiktionary, CC BY-SA 4.0.