Income Elasticity Is Defined as The

question 70

Multiple Choice

Income elasticity is defined as the:

• A) change in demand divided by the change in income.
• B) percentage change in demand divided by the percentage change in income.
• C) change in income divided by the change in demand.
• D) percentage change in income divided by the percentage change in demand.

---

Definitions:

C-O Bond

Refers to the covalent bond between a carbon atom and an oxygen atom, fundamental to organic chemistry.

Bond Dipole

A measure of the polarity of a chemical bond between two atoms, characterized by a difference in electronegativity and resulting in a partial positive and partial negative end.

Acidity

A measure of a substance's ability to donate a proton (H+) in a chemical reaction, often discussed in the context of acid-base chemistry.

Compounds

Substances composed of two or more elements chemically combined in fixed proportions, can be broken down into simpler substances.