A measurement showing how quantity demanded varies with income is the ?

Related Mcqs:

The price elasticity of demand is the ?

A. ratio of the change in price to the change in quantity demanded. B. ratio of the percentage change in quantity demanded to the percentage change in price. C. ratio of the change in quantity demanded to the change in price. D. ratio of the percentage change in price to the percentage change in quantity … The price elasticity of demand is the ?Read More...

The income elasticity is +2 and income increases by 20% sales were 5000 units, what will they be now ?

A. 3000 B. 7000 C. 5500 D. 4500...

Increase unemployment benefits and less incentive to work would ?

A. shift aggregate supply to the right B. shift aggregate supply to the left C. shift aggregate demand to the right D. shift aggregate demand to the left...

The price of apples falls by 5% and quantity demanded increases by 6% This means that demand is ?

A. zero elastic B. elastic C. perfectly elastic D. inelastic...

The price elasticity of demand is a negative number this means ?

A. Demand is price elastic B. Demand is price inelastic C. The demand curve is downward sloping D. An increase in income will reduce the quantity demanded...