If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is:

If the income elasticity of demand for a commodity is found to be 0.4

1.	If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is:
A.	luxury
B.	necessity
C.	giffenâ€™s goods
D.	independent good
Answer» C. giffenâ€™s goods