For the commodities like salt, sugar etc.,the income elasticity will be

Related MCQs

• If the commodities are substitute in nature, cross elasticity will be
• If the commodities are complimentary, cross elasticity will be
• Cross elasticity of demand between tea and sugar is:
• If the income elasticity of demand is that one, the good is a
• The income elasticity of demand is negative for a
• A positive income elasticity may be
• Demand for milk, sugar, tea for making tea, is an example of
• Demand for milk, sugar, tea for making tea, is an example of
• Demand for necessary goods (salt, rice, etc,) is……….and demand for comfort and luxury good is
• When the demand changes due to changes in other factors, like taste and preferences, income, price of related goods etc... , it is called