Anushka Asked a Question
March 18, 2021 5:31 pmpts 30 pts
income would have major effect on demand of primary goods on if elasticity is high.how option 2 is correct ?
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  • Ravindra nath mahto thankyou
    Read the solution.
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    Ravindra nath mahto
    It is very simple that if the income of developed country rises then demand for primary goods declines. It shows that income elasticity of demand is low in the developed country. I...
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