Which of the following concepts are relatable to income of members of – McqOptions

MCQOPTIONS

1.	Which of the following concepts are relatable to income of members of the public while considering public welfare?1. Sensitivity of demand2. Elasticity of demand3. Sensitivity of expenditure4. Elasticity of expenditure
A.	1 and 2 only
B.	2 and 3 only
C.	3 and 4 only
D.	1 and 4 only
Answer» B. 2 and 3 only

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