Which of the following is not a type of positive income elastic demand?
A. Elasticity of demand greater than unity
B. Unit income elastic demand
C. Elasticity of demand less than unity
D. Perfectly elastic demand
Answer:D
Which of the following is not a type of positive income elastic demand?
A. Elasticity of demand greater than unity B. Unit income elastic demand C. Elasticity of demand less than unity D. Perfectly elastic demand