CAPF 2025Q11
Q: Which among the following regarding the nature of goods and income elasticity are correctly matched? Nature of Goods : Income Elasticity 1. Necessity : Between 0 and 1 2. Luxury : More than 1 3. Inferior : More than 0 Select the answer using the code given below.
(a)1 and 3 only
(b)2 and 3 only
(c)1 and 2 only
(d)1, 2 and 3
Answer pending verification