Economics Mcqs
Q Average income increase from Rs20,000 p.a to Rs 22,000 p.a Quantity demanded per year increases 5000 to 6000 units. Which of the following is correct ?
  • A A. Demand is price inelastic
  • B B. The good is inferior
  • C C. Income elasticity is -2
  • D D. The product is normal
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