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Income Elasticity of Demand is Defined as the Responsiveness Of: - Current Affairs Including General Knowledge

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MCQ

Income elasticity of demand is defined as the responsiveness of:

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Quantity demanded to a change in income
Quantity demanded to a change in price
Price to a change in income
Income to a change in quantity demanded

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Solution

Quantity demanded to a change in income

Concept: Economic Current Affair (Entrance Exam)

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Income Elasticity of Demand is Defined as the Responsiveness Of: - Current Affairs Including General Knowledge

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