Use the Figure to Calculate the Income Elasticity of Demand

question 1

Multiple Choice

Use the figure to calculate the income elasticity of demand when income increases from $25,000 to $30,000:

• A) -0.10
• B) -1.10
• C) 0.1818
• D) 0.20
• E) 1.10

---

Definitions:

Wound

An injury to the body, usually involving a break in the skin or an internal injury.

Disease Prevention

Efforts or measures taken to avoid or reduce the incidence and severity of diseases and health conditions.

Disability

A condition that significantly impairs one's ability to perform certain day-to-day activities due to physical or mental limitations.

Better Health

An improved state or condition of physical, mental, and social well-being.