Elasticity is greater than utility for:

CA Foundation · Business Economics · MTP · April 2025
Elasticity is greater than utility for:
(A) A. Luxuries
(B) B. Necessaries
(C) C. Complementary good
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Luxuries

Topics: Theory of Demand and Supply

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