What is an Engels curve ........

Economics- Phase (I & II) Demand and Supply , Market Structures

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What is an Engels curve?

Another name of demand curve

Curve showing both demand & supply curves

Curve named after Lord Engels

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Explanation:

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.