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Bachelor of Arts in Economics (BA Economics)
Principles of Micro Economics
Q. If the income elasticity of demand is greater than one, then the commodity is: (Solved)
1. Necessity
2. Luxury
3. Inferior
4. Non-related commodity
a. Necessity
Related Topics
→ Mathematics for Economic Analysis
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→ Intermediate Micro Economics 1
→ Mathematics for Economic Analysis 1
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→ Quantitative Methods for Economic Analysis 1
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