In the case of luxury goods, the income elasticity of demand will be:
Also Read:
- The economic problem arises since
- Economic problem arises in
- The resources are :
- —– is not an example of free good
- The term production refers to:
- The problem of allocation of resources is concerned with:
- The distribution of national product among the members of the society
- Which one of the following come under macro economics:
- Which one of the following is not come under macro economics
- Partial equilibrium analysis come under:
- “The starting point of all economic activity is the existence of human wants” Who said this?
- Production and consumption takes place simultaneously in the case of
- Economic growth can be achieved through
- Micro economics doesn’t deal with:
- Name the economist who analyses the subject matter of economics into two branches: micro economic analysis and macro economic analysis.
