Heba KamalJan 12, 2022 · 3 years ago8 answersAre there any studies on the income elasticity of demand for a normal good in the context of digital currencies?
In the context of digital currencies, has there been any research conducted on the income elasticity of demand for a normal good? Specifically, are there any studies that explore how changes in income affect the demand for a normal good within the digital currency ecosystem? I'm interested in understanding if there is a correlation between income levels and the demand for digital currencies as a means of exchange or store of value.
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