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fluffycookie fluffycookie
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5 years ago
Income elasticity of demand reflects
A) the change in total quantity demanded divided by the total change in income.
B) the responsiveness of the quantity demanded to changes in income, adjusting its relative price so real income does not change.
C) the responsiveness of income of producers to a change in quantity sold of the good.
D) the responsiveness of demand to changes in income.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
 D
fluffycookie Author
wrote...
5 years ago
Enough said, this helped my grade so much
wrote...
5 years ago
Perfect
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