The ________ measures the change in the demand of a good due to a percentage change in the consumer's income

A) substitution effect of a price change
B) income effect of a price change
C) cross-price elasticity of demand
D) income elasticity of demand

D

Economics

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For consumers with a binding borrowing constraint, a decrease in the real interest rate ________

A) decreases consumption now, and in the future B) increases consumption now, and in the future C) decreases consumption now, and increases future consumption D) has no impact on consumption

Economics

My brother decides to leave his empty soda can on someone's lawn. This is an example of a

A) public good. B) positive externality. C) neutral externality. D) negative externality.

Economics