Income elasticity can be either positive or negative, Business Economics

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Income elasticity can be either positive or negative

Income elasticity can be either positive or negative depending on an item we are considering?

A. Income elasticity measures the responsiveness of demand to a price change in a related commodity.

B. Income elasticity measures the responsiveness of the demand to an income change.

C. Income elasticity measures the responsiveness of the elasticity to an income change.

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Business Economics: Income elasticity can be either positive or negative

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Business Economics: Income elasticity can be either positive or negative

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