Business Economics

Income elasticity is computed by

A.	e_i = (Y₂ - Y₁ ) / e₁
B.	e_i = (Y₁ - Y₂ ) / P₁
C.	e_i = ( (Q₂ - Q₁ ) / Q₁) / ( (Y₂ - Y₁ ) / Y₁)
D.	e_i = (Q₂ - Q₁ ) / P₁
	Answer : C Explanation : Write your comments here: Updating your Comments.. Updating your Comments.. Report Error
	Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.

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