1
Negative
More than 1
Positive
✅ The correct answer is D.
Income elasticity of demand for normal goods is always Positive. A positive income elasticity of demand is associated with normal goods; an increase in income will lead to a rise in demand.
Income elasticity of demand for normal goods is always Positive. A positive income elasticity of demand is associated with normal goods; an increase in income will lead to a rise in demand.