The Income Elasticity of Demand Is Defined as The

Multiple Choice

The income elasticity of demand is defined as the:

A) percentage change in the quantity demanded divided by the percentage change in the price level.
B) change in the quantity demanded divided by the change in per capita income.
C) percentage change in income divided by the percentage change in the quantity demanded.
D) change in per capita income divided by the change in the quantity demanded.
E) percentage change in the quantity demanded divided by the percentage change in per capita income.