Her father is Robert Ellis Silberstein (Jewish). Her mother is Diana Ross (African-American).
If the cross price elasticity is positive, then we call such goods Substitutes (example: pizza and burgers -- you usually consume either or). The income elasticity of demand measures the change in the quantity demanded of some good, when the income changes, holding everything else constant.For example you can measure what happens to the demand for expensive red wine when income increases.f the cross price elasticity is positive, then we call such goods Substitutes (example: pizza and burgers -- you usually consume either or). The income elasticity of demand measures the change in the quantity demanded of some good, when the income changes, holding everything else constant.
Income Elasticity of Demand and types of goods. Income elasticity of demand measures the responsiveness of demand to a change in income. 1  Inferior Good: An inferior good means an increase in income causes a fall in demand.2  It has a negative YED. 3  An example, of an inferior good is Tesco value bread.ncome elasticity of demand measures the responsiveness of demand to a change in income. 1  Inferior Good: An inferior good means an increase in income causes a fall in demand. 2  Normal Good. 3  Luxury Good.