The Income Elasticity of Demand Is Calculated as the

question 36

Multiple Choice

The income elasticity of demand is calculated as the

• A) percentage change in quantity demanded multiplied by the percentage change in income.
• B) percentage change in income divided by the percentage change in quantity demanded.
• C) percentage change in quantity demanded divided by the percentage change in income.
• D) percentage change in income divided y the percentage change in price.

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