The income elasticity of the demand for imports:
A) measures the percentage change in imports relative to a percentage change in domestic income.
B) measures the percentage change in domestic income relative to a percentage change in imports.
C) measures the percentage change in imports relative to a percentage change in foreign income.
D) measures the percentage change in foreign income relative to a percentage change in imports.
E) measures how changes in income affect AD.
Correct Answer:
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