The Income Elasticity of Demand Is Defined as the Percentage

question 144

Multiple Choice

The income elasticity of demand is defined as the percentage change in

• A) the quantity demanded resulting from a given percentage change in price.
• B) income divided by the percentage change in quantity demanded.
• C) the movement along the demand curve resulting from a change in income.
• D) the quantity demanded divided by the percentage change in income.

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