Income elasticities ________ in the short run and long run

CA Foundation · Business Economics · MTP · September 2025
Income elasticities ________ in the short run and long run
(A) A. differ
(B) B. Same
(C) C. Can't say
(D) D. Both (a) and (b)

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. differ

Topics: Theory of Demand and Supply

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