McqMate
Q. |
If an individual is spending his entire income on two items A and B in the ratio of 60:40. If income elasticity of A is 5 what is income elasticity of B |
A. | 4 |
B. | 2 |
C. | 5 |
D. | 1 |
Answer» C. 5 |
View all MCQs in
Fundamentals of Economics and ManagementNo comments yet