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70) The income elasticity of demand equals the percentage change in A) price divided by the percentage change in income. B) price divided by the percentage change in quantity demanded. C) income divided by the percentage change in quantity demanded. D) quantity demanded divided by the percentage change in income. E) quantity demanded divided by the percentage change in price
70) The income elasticity of demand equals the percentage change in A) price divided by the percentage change in income. B) price divided by the percentage change in quantity demanded. C) income divided by the percentage change in quantity demanded. D) quantity demanded divided by the percentage change in income. E) quantity demanded divided by the percentage change in price
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