MCQOPTIONS
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| 1. |
X a consumer spends his entire income on two commodities A and (B) if price of A increases by 10% and his expenditure on item B remains same, then the price elasticity of item A is |
| A. | 1 |
| B. | < 1 |
| C. | > 1 |
| D. | ≥ |
| Answer» B. < 1 | |