Ask Question
28 November, 04:17

The income elasticity of demand: A. is the ratio of the percentage change in income to the percentage change in quantity demanded. B. measures the responsiveness of income to changes in quantity demanded. C. measures the responsiveness of quantity demanded to changes in income. D. measures the change in income necessary for a given change in quantity demanded

+2
Answers (1)
  1. 28 November, 07:55
    0
    i would try B
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The income elasticity of demand: A. is the ratio of the percentage change in income to the percentage change in quantity demanded. B. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers