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The Income Elasticity of Demand Is the Percentage Change in the ________

Question 226

Multiple Choice

The income elasticity of demand is the percentage change in the ________ divided by the percentage change in ________.


A) quantity demanded; the price of a substitute or complement
B) quantity supplied; price
C) quantity demanded; price
D) quantity demanded; income
E) quantity demanded when income changes; the quantity supplied

Correct Answer:

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