Vidyalelo
Commerce · Q1570

Economics

Graduate and Post Graduate · Commerce · question 1570

Q1570

Which of the following goods would you expect to have the largest income elasticity of demand?

A.
Rice
B.
Toothpaste
C.
Stereo equipment
Answer
D.
Newspaper

Answer: Option C

Solution

Answer: Option C
No explanation is given for this question Let's Discuss on Board