The income elasticity of demand measures:
A.how much the quantity demanded changes in response to a price change.
B.how much a consumer can buy at given income levels.
C.how much consumer purchasing power is affected when prices change.
D.how the demand for a good changes in response to changes in income.

Question

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The Answer of The income elasticity of demand measures:
A.how much the quantity demanded changes in response to a price change.
B.how much a consumer can buy at given income levels.
C.how much consumer purchasing power is affected when prices change.
D.how the demand for a good changes in response to changes in income.

The Income Elasticity of Demand Measures