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Bachelor of Arts in Economics (BA Economics)
Micro Economics 1
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
→ Mathematics for Economic Analysis
→ Quantitative Methods for Economic Analysis 2
→ Environmental Economics
→ Macro Economics 2
→ Mathematical Economics and Econometrics
→ Intermediate Micro Economics 1
→ Principles of Micro Economics
→ Mathematics for Economic Analysis 1
→ Micro Economics analysis
→ Introduction to Econometrics
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