The Figure Given Below Shows the Demand Curves for Five

Multiple Choice

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1

-For a given product, income elasticity of demand relates the percentage change in:

A) quantity demanded to the percentage change in income.
B) quantity demanded to the absolute change in income.
C) income to the percentage change in price.
D) price to the absolute change in quantity demanded.
E) income to the percentage change in quantity available for sale.