If the percentage change in the quantity consumed of pizza is 8 percent and the percentage change in income is 2 percent,what is the income elasticity of demand for pizza?
A) -0.25
B) 4
C) 0.25
D) -4
E) - 1

Question

If the percentage change in the quantity consumed of pizza is 8 percent and the percentage change in income is 2 percent,what is the income elasticity of demand for pizza?
A) -0.25
B) 4
C) 0.25
D) -4
E) -    1

Quizplus · Accepted Answer

The Answer of If the percentage change in the quantity consumed of pizza is 8 percent and the percentage change in income is 2 percent,what is the income elasticity of demand for pizza?
A) -0.25
B) 4
C) 0.25
D) -4
E) -    1

If the Percentage Change in the Quantity Consumed of Pizza