When the income elasticity of demand is greater than unity, the commodity is
| A. | An inferior good |
| B. | A luxury |
| C. | A necessity |
| D. | A non-related good |
Answer : B Explanation : |
|
|
Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
