Multiple Choice
Income elastic demand means that the income elasticity of demand is:
A) between 0 and 1.
B) below 0.
C) above 1.
D) at 0.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q77: _ is an economic variable.<br>A) Price<br>B) Size<br>C)
Q78: The more _ a product is defined,
Q79: In general, when the price elasticity of
Q80: (Figure: The Price Elasticity of Demand) Using
Q81: Income inelastic demand means that the income
Q83: A good for which demand increases as
Q84: If a firm raises its price and
Q85: _ elasticity of demand is a measure
Q86: If the quantity demanded is very responsive
Q87: Why do inferior goods have a negative