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Bachelor of Arts in Politics (BA Politics)
Basics of Economics Studies
Q. If the income elasticity of demand for a commodity is found to be 0.4,then the commodity concerned is: (Solved)
1. Luxury
2. Necessity
3. Giffen’s goods
4. Independent good
b. Necessity
Related Topics
→ Transition to the Contemporary World
→ Political Thought
→ Methodology and Perspective of Social Science
→ Political Theory
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