The income elasticity of demand is a measure of the responsiveness of the A. Quantity of a
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Question:
The income elasticity of demand is a measure of the responsiveness of the
A. | Quantity of a good demanded to changes in income. | |
B. | Consumers income to a change in the price of the goods he or she consumes. | |
C. | Quantity of a good demanded to changes in another goods price. | |
D. | Quantity of a good demanded to changes in its price. |
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