In this A level Business revision video, we examine the concept of income elasticity. This topic is on the new AQA Business syllabus, the new OCR syllabus and the new edexcel syllabus, though they differ on whether they require to calculate income elasticity or just interpret it. A level Business Studies Revision from TakingTheBiz. See more of our videos: http://www.youtube.com/c/TakingTheBiz