Income elasticity of demand is defined as the responsiveness of Options: A . &nbspQuantity demanded to a change in income B . &nbspQuantity demanded to a change in price C . &nbspPrice to a change in income D . &nbspIncome to a change in quantity demanded

Income elasticity of demand is defined as the responsiveness of

Question

Income elasticity of demand is defined as the responsiveness of

Options:

A . Quantity demanded to a change in income

B . Quantity demanded to a change in price

C . Price to a change in income

D . Income to a change in quantity demanded

Answer: Option A

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