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GK
ENGLISH
CURRENT AFFAIRS
APTITUDE
BANKING
UGC NET
REASONING
COMPUTER SC.
COURSES
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Currency and Inflation Questions and Answers for Competitive Exams
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Question
The income elasticity of demand being greater than one, the commodity must be
A
A necessity
B
A luxury
C
An inferior good
D
None of these
View Answer
Answer & Explanation
Answer: Option [B]
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