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Economics (AS & A Level) · May / June 2026 · Paper 11 · Question 8

9708Price elasticity, income elasticity and cross elasticity of demand

Which statement defines the income elasticity of demand?

  1. AIt measures the responsiveness of income to a change in quantity demanded.
  2. BIt measures the responsiveness of income to a change in price.
  3. CIt measures the responsiveness of quantity demanded to a change in income.
  4. DIt measures the responsiveness of quantity demanded to a change in price.

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Correct answer: C. It measures the responsiveness of quantity demanded to a change in income.

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