Relation between income elasticity of demand and rise in toll charges
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This article discusses the relation between income elasticity of demand and rise in toll charges. It explains how income elasticity of demand is dependent on the level of income of the household and percentage share of income spent on the specific good. The article also explains the different types of income elasticity of demand and how it affects the use of toll roads. The subject of the article is Business Economics and it is an essay type document.