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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

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User Khaleel
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1 Answer

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Answer: 1) Normal goods

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User Sekhar
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