MCQOPTIONS
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MCQOPTIONS
| 1. |
A necessity is defined as a good having |
| A. | positive income elasticity of demand |
| B. | negative income elasticity of demand |
| C. | n income elasticity of demand between zero and 1 |
| D. | n income elasticity of more than 1 |
| Answer» D. n income elasticity of more than 1 | |