The Income Elasticity of Demand Measures

question 110

Multiple Choice

The income elasticity of demand measures

• A)the relative certainty of future income
• B)how elastic supply is compared to demand
• C)the percent change in quantity demanded relative to the percent change in income
• D)the percent change in income relative to the percent change in quantity demanded
• E)how much income will stretch to make expected payments

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Definitions:

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