The measure of the relationship between a change in income and the consequent relative change in quantity demanded at a given price is the:
A)cross elasticity of supply.
B)elasticity of supply.
C)cross elasticity of demand.
D)income elasticity of demand.

Question

The measure of the relationship between a change in income and the consequent relative change in quantity demanded at a given price is the:
A)​cross elasticity of supply.
B)​elasticity of supply.
C)​cross elasticity of demand.
D)​income elasticity of demand.

Quizplus · Accepted Answer

Income elasticity of demand measures the relationship between a change in income and the consequent relative change in quantity demanded at a given price.

The Measure of the Relationship Between a Change in Income