500 20 1,000 8.4% 7% 3.4% 18% 5. If the wealth elasticity of demand for financial assets is less than 1.0, a 1% increase in wealth would lead to a more than proportionate increase in demand for financial assets an equal percentage change in the demand for investment assets no change in the percentage of a given asset in an investment portfolio a reduction in the percentage of a given asset in an investment portfolio 1.25