The Formula for the Income Elasticity of Demand Can Be $\eta$

question 50

Multiple Choice

The formula for the income elasticity of demand can be written as:

• A) \(\eta\)_I = (\(\Delta\)Q / \(\Delta\)I)(I / Q).
• B) \(\eta\)_I = (\(\Delta\)I / \(\Delta\)Q)(I / Q).
• C) \(\eta\)_I = (\(\Delta\)Q / \(\Delta\)I)(Q / I).
• D)\(\eta\)_I = (\(\Delta\)I / \(\Delta\)Q)(Q / I).
• E) none of the above.

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