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If income rises from N200.00 to N250.00 and the amount spent on good X falls from ...
Classroom
Economics Classroom
Jamb
Jamb 1982
The Theory Of Demand
Meaning And Determinants Of Demand
Distinction Between Change In Quantity Demanded And Change In Demand
More Topics
If income rises from N200.00 to N250.00 and the amount spent on good X falls from N30.00 to N28.00, then good X is?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
An income elastic good
B
A normal good
C
An inferior good
D
Demand elastic
E
Supply elastic
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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