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Commerce · Q627

Economics

Graduate and Post Graduate · Commerce · question 627

Q627

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

A.
a less than proportionate change in quantity demanded
B.
a more than proportionate change in quantity demanded
C.
the same proportionate change in demand
D.
no change in demand
Answer

Answer: Option D

Solution

Answer: Option D
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