Income elasticity of demand for normal good is always

Income elasticity of demand for normal good is always

Q. Income elasticity of demand for normal good is always:

A.           1             

B.            More than one

C.            Negative          

D.           Positive

Answer: Positive

Demand and Supply MCQs
Gkseries: Gkseries.com is a premier website to provide complete solution for online preparation of different competitive exams like UPSC, SBI PO, SBI clerical, PCS, IPS, IAS, IBPS PO, IBPS Clerical exam etc. & other graduate and post-graduate exams. Learn more on about us page