If Income Increases One Percent, and Demand Increases Five Percent

question 60

Multiple Choice

If income increases one percent, and demand increases five percent, then the price elasticity of the good is:

• A) Inelastic
• B) Elastic
• C) Unitary elastic
• D) Not enough information to know

Implement worksheet background customization.

Leverage Excel's printing options for specific worksheet sections.

Ensure workbook compatibility across different versions of Excel.

Utilize Excel's filtering and lookup functions for data analysis.

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