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Which of the following formula determine the income elasticity of demand?:

A. Proportionate change in demand Proportionate change in price

B. Proportional change in the purchase of Y Proportional change in the price of X

C. Proportionate change in demand Proportionate change in income

D. Proportionate change in demand Proportionate change in price

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. A firm can never produce in the middle area of input space, in case of:
  2. In monopolistic competition, the firms face:
  3. Who is the founder of classical school of thought?
  4. Quantity demanded or supplied is measured in:
  5. Scarcity means:
  6. The long-run average cost is based on the fact that:
  7. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  8. Which of the following is the work of A.C.Pigou?
  9. The advertisement and other selling activities:
  10. If a straight line supply curve passes through the point of origin O, the elasticity of supply is:
  11. The equilibrium of a firm is determined by the equality of MC and MR in only:
  12. A market demand schedule is obtained by adding individual demand schedules:
  13. The demand curve of giffen goods will be:
  14. A significant property of the Cobb-Douglas production function is that the elasticity of substitution…
  15. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  16. Total variable cost curve:
  17. Which of the following formula determine the income elasticity of demand?:
  18. Gold is bought and sold in a:
  19. The kinked demand curve comes into being where:
  20. Whish of the following represents the average revenue curve of a firm?
  21. In a perfectly competitive market, suppliers must know:
  22. Some economists refer to iso-product curves as:
  23. Ceteris paribus clause in the law of demand means:
  24. The concept of period refers to:
  25. Labor theory was firstly rejected by:
  26. The main contribution of Alfred Marshal is in the field of:
  27. The relationship between price effect, income effect and substitution effect is:
  28. If two households have identical preferences but different incomes then:
  29. The elasticity of demand is equal to slope of demand function divided by:
  30. In monopoly, new firms: