Virtually all countries have an income elasticity of demand for exports that is less than one.

Name: Virtually all countries have an income elasticity of demand for exports that is less than one.
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Income elasticity of demand for exports varies among countries and can be greater than one, especially for countries that specialize in luxury goods or high-demand products, indicating that demand for their exports increases more than proportionally as global income rises.

Virtually All Countries Have an Income Elasticity of Demand for Exports