Question 57

Income elasticity of demand is the measurement of the responsiveness of

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

Question details

Exam body
BUK
Subject
Economics
Year
2009/2010
Question no.
#57
Type
Objective

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