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Income elasticity of demand measures:

a. responsiveness of demand for one good to changes in price of other good

b. responsiveness of demand for one good to changes in income

c. responsiveness of supply of one good to changes in price of other good

d. responsiveness of supply of one good to changes in its own price

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Yusra Anees
Yusra AneesLv10
1 Jan 2021
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