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Management · Q319

Managerial Economics

Graduate and Post Graduate · Management · question 319

Q319

Income-Elasticity of demand will be zero when a given change in income brings about

A.
The same proportionate change in demand
B.
A more than proportionate change in quantity demanded
C.
A less than proportionate change in quantity demanded
D.
No change in demand
Answer

Answer: Option D

Solution

Answer: Option D
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