Average income increase from Rs20,000 p.a to Rs 22,000 p.a Quantity de – McqOptions

MCQOPTIONS

1.	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.	Demand is price inelastic
B.	The good is inferior
C.	Income elasticity is -2
D.	The product is normal
Answer» E.

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