The elasticity that measures the responsiveness of consumer demand to changes in income is the:

Managerial Economics

The elasticity that measures the responsiveness of consumer demand to changes in income is the:

Income elasticity
Own-price elasticity
Cross-price elasticity
Neither the income elasticity, own-price elasticity nor the cross-price elasticity

The elasticity that measures the responsiveness of consumer demand to changes in income is the Income elasticity .

Tags: Quantitative Demand Analysis