Economics · Elasticity of Demand
_______ shows the proportionate change in demand with respect to a proportionate change in income.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Income elasticity of demand✓
- 2Price elasticity of demand
- 3Cross elasticity of demand
- 4Product quality elasticity of demand
Correct answer
Income elasticity of demand
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