If a 10 Percent Increase in Income Results in a 5

question 162

Multiple Choice

If a 10 percent increase in income results in a 5 percent increase in quantity demanded,what is the income elasticity of demand?

• A)0.5
• B)-0.5
• C)2.0
• D)-2.0
• E)1.5

---

Definitions:

Listener

A person who gives their attention to auditory information or communication, often in the context of a conversation or presentation.

Storyteller

An individual who narrates stories, often using skill and creativity to convey messages, entertain, or preserve cultural traditions.

Ease

The state of being comfortable, free from difficulty or effort.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, and experiences.