A higher income tends to make demand for a given good ______ elastic.
A) more
B) less
C) equally
D) indeterminately

Name: A higher income tends to make demand for a given good ______ elastic. A) more B) less C) equally D) indeterminately
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Question

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When individuals have higher income, they tend to have more disposable income and are generally less sensitive to price changes. Therefore, their demand for a given good is likely to be less elastic.

A Higher Income Tends to Make Demand for a Given