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

Question

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The Answer of If the percentage change in the quantity consumed of pizza is 8% and the percentage change in income is 2%, 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