Question 19

Income elasticity of demand is the measure of the responsiveness of

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

Question details

Exam body
UNIZIK
Subject
Economics
Year
2006/2007 Day 1
Question no.
#19
Type
Objective

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