Question 2

Income elasticity of demand is the measurement of the responsiveness of

  • A.Price changes in income
  • B.quantity demanded to the changes in income
  • C.changes in expenditure to changes in income
  • D.changes in expenditure to changes in price.
Objective

Question details

Exam body
IMSU
Subject
Economics
Year
2018/2019
Question no.
#2
Type
Objective