General Studies · Managerial Economics
Which of the following goods (commodities) have positive income elasticities of demand? A. Necessities B. Substitutes C. Luxury goods D. Complementary goods E. Inferior goods Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1B, C and E only
- 2A, C and D only
- 3C, D and E only
- 4A, B and C only✓
Correct answer
A, B and C only
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