If a Consumer Doubles Her Quantity of Ice Cream Consumed

question 32

Multiple Choice

If a consumer doubles her quantity of ice cream consumed when her income rises by 25%,then her income elasticity of demand for ice cream is

• A) 8.0.
• B) 4.0.
• C) .25.
• D) .08.

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Definitions:

X-Rays

A form of electromagnetic radiation with a wavelength shorter than ultraviolet light, commonly used in medical imaging to view inside the body.

ICD-9-CM

International Classification of Diseases, Ninth Revision, Clinical Modification; a system used in the United States for coding and classifying morbidity data from inpatient and outpatient records.

Tabular List

A systematic arrangement of data in rows and columns, typically used for easier reference and analysis.

Excludes

Indicates items or conditions that are not covered or included in a particular group or list.