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The Formula for Income Elasticity of Demand May Be Written

Question 86

Multiple Choice

The formula for income elasticity of demand may be written as which of the following?


A) change in quantity demanded change in income
B) percentage change in income percentage change in quantity demanded
C) percentage change in quantity demanded percentage change in income
D) change in income change in quantity demanded
E) percentage change in quantity demanded percentage change in price

Correct Answer:

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