when income increases, quantity demanded falls, it is | Faculties

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Rakesh Kumar

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📊 Managerial Economics 1

Q. when income increases, quantity demanded falls, it is

(A) Positive income elasticity
(B) Zero income elasticity
(C) Negative income elasticity
(D) Unitary income elasticity

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✅ Correct Answer: (C) Negative income elasticity

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