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on 25-Dec-2015 (Fri)

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Flashcard 150903012

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
The sensitivity of [...] to change in income is termed income elasticity.
Answer
quantity demanded (or "demand" seems to be right term as it is an input other than price)


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Parent (intermediate) annotation

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The sensitivity of quantity demanded to change in income is termed income elasticity.

Original toplevel document (pdf)

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