Aparna Lucknow, India 601 Questions 0 Answers 0 Best Answers 678 Points View Profile Aparna Asked: September 30, 20212021-09-30T20:27:23+05:30 2021-09-30T20:27:23+05:30In: Economics What is Engel Curve? What is Engel Curve? economic graphs in indicators Share Facebook 1 Answer Recent 0 Questions 518 Answers 176 Best Answers 0 Points View Profile [Deleted User] 2021-09-30T20:31:19+05:30Added an answer on September 30, 2021 at 8:31 pm Engel Curve It describes how the spending on a certain good varies with household income. The shape of an Engel curve is impacted by demographic variables, such as age, gender, and educational level, as well as other consumer characteristics. The Engel curve also varies for different types of goods. As income of a household increases its expenditure of food as a percentage declines. However, its expenditure on status goods increases. 0 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer. Related Questions What is Cash Reserve Ratio (CRR)? What is Government debt to GDP?