Income elasticity of demand for normal goods is always

1.	Income elasticity of demand for normal goods is always
Answer» Positive Income ELASTICITY of demand for NORMAL GOODS is always Positive. A positive income elasticity of demand is ASSOCIATED with normal goods; an increase in income will lead to a rise in demand.

Answer»

Positive

Income ELASTICITY of demand for NORMAL GOODS is always Positive. A positive income elasticity of demand is ASSOCIATED with normal goods; an increase in income will lead to a rise in demand.

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Income elasticity of demand for normal goods is always

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