Give economic term: Degree of responsiveness of quantity demanded to change in income only.

Q.1 (C) (v) Give economic term: Degree of responsiveness of quantity demanded to change in income only.

Doubtly Asked 29 Oct 2026 Board exam · March 2024 hsc 12th Save WhatsApp Report

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Answer: Income elasticity of demand

\(E_y = \dfrac{\%\ \text{change in quantity demanded}}{\%\ \text{change in income}}\).

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report

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