Banking System and Capital Market Questions and Answers for Competitive Exams

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if-a-good-has-negative-income-elasticity-and-positive-price-elasticity-of-demand-it-is-a

If a good has negative income elasticity and positive price elasticity of demand, it is a

A Giffen good

B Normal good

C Superior good

D An inferior good

Answer & Explanation
Answer: Option [A]

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