The wealth elasticity of demand describes the percentage change in the amount of
ID: 1188574 • Letter: T
Question
The wealth elasticity of demand describes the percentage change inthe amount of wealth possessed for a given percentage change in the age of the saver. wealth for a given percentage change in the amount of any one asset added to the saver's portfolio. the quantity demanded of an asset for a given percentage change in the price of the asset. the quantity of an asset demanded for a given percentage change in wealth. The wealth elasticity of demand describes the percentage change in
the amount of wealth possessed for a given percentage change in the age of the saver. wealth for a given percentage change in the amount of any one asset added to the saver's portfolio. the quantity demanded of an asset for a given percentage change in the price of the asset. the quantity of an asset demanded for a given percentage change in wealth. the amount of wealth possessed for a given percentage change in the age of the saver.
Explanation / Answer
The correct answer is:
the quantity of an asset demanded for a given percentage change in wealth.
I am 100% sure of this (checked wikipedia too).
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.