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If the percentage change in quantity demanded of a good is less than the percentage change in buyer's income, then the good is said to be:
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If the percentage change in quantity demanded of a good is less than the percentage change in buyer's income, then the good is said to be:

User Zjonsson
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Answer: Income Inelastic.

Step-by-step explanation:

Income elasticity of demand refers to the responsiveness of demand when there is a certain change in consumer's income.

Income inelastic refers to the situation in which demand is less responsive to the change in consumer's income. Suppose that income decreases by 10%, then as a result demand decreases by 5%. Here, demand does not fall significantly with a fall in income.

User Tebbe
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