If the Income Elasticity of Demand for a Good Is

question 230

Multiple Choice

If the income elasticity of demand for a good is 2,then when income rises 10 percent,the quantity demanded

• A) increases 2 percent.
• B) increases 20 percent.
• C) decreases 2 percent.
• D) decreases 20 percent.
• E) increases 12 percent.

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