KajuNov 24, 2021 · 3 years ago3 answers Can income elasticity be used to predict the future value of cryptocurrencies?
Is it possible to use income elasticity as a predictive tool for determining the future value of cryptocurrencies? Can the concept of income elasticity, which measures the responsiveness of demand for a product to changes in income, be applied to the cryptocurrency market? How does income elasticity relate to the price and demand for cryptocurrencies? Can we use income elasticity to forecast the future value of cryptocurrencies?