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Y12 Business Edexcel - 1.2; The Market Flashcards | StudBud
Y12 Business Edexcel - 1.2; The Market
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The definition of 'Income elasticity of demand' is....
A
The responsiveness of demand to changes in price
B
The responsiveness of supply to changes in price
C
The responsiveness of demand to changes in income
D
Percentage changes in income
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