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Commerce · Q1030

Economics

Graduate and Post Graduate · Commerce · question 1030

Q1030

An income-demand curve for a "Luxury Commodity" slopes-

A.
upward to the right from the origin
B.
vertically
C.
upwards from left to right only beyond a certain level of consumer's income
Answer
D.
horizontally

Answer: Option C

Solution

Answer: Option C
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