Income Elasticity of Demand Measures the Extent to Which

question 15

Multiple Choice

Income elasticity of demand measures the extent to which

• A)the price of a good changes when there is a change in income.
• B)the quantity demanded of a good changes when income changes.
• C)real household income changes when there is a change in the price of a good.
• D)one household's income changes when there is a change in the income of another household.
• E)quantity demanded changes when there is a change in price.

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