MCQOPTIONS
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| 1. |
What kind of relationship exists between income and demand in case of normal goods? |
| A. | Sometimes there is a direct and sometimes an inverse relationship. |
| B. | There is no impact of income on demand. |
| C. | There is a direct relationship. |
| D. | There is an inverse relationship. |
| Answer» D. There is an inverse relationship. | |