If the Income Elasticity of Money Demand Is Less Than

If the income elasticity of money demand is less than 1, then

A) the income velocity of money will increase as the level of income increases
B) the income velocity of money will decrease as the level of income increases
C) the income velocity of money will remain constant over time
D) the income velocity of money will increase with an increase in money demand
E) an increase in income is always less than the resulting increase in money demand