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For which type of goods is income elasticity positive? 1) normal 2) necessity 3) inferior 4) luxury

For which type of goods is income elasticity positive? 1) normal 2) necessity 3) inferior 4) luxury
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For which type of goods is income elasticity positive? 1) normal 2) necessity 3) inferior 4) luxury

User Khaleel
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4 votes

Answer: 1) Normal goods

User Sekhar
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