Tukai Roy. posted an Question
September 26, 2021 • 18:17 pm 10 points
  • UGC NET
  • Economics

The curve showing relationship between income and the corresponding change in quantities of commodities purchased is known as

the curve showing relationship between income and the corresponding change in quantities of commodities purchased is known as

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  • Rucha rajesh shingvekar best-answer

    An Engel curve describes how household expenditure on a particular good or service varies with household income. There are two varieties of Engel curves. Budget share Engel curves describe how the proportion of household income spent on a good varies with income.

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