Question

Sonia has decided to always spend one-tenth of her income on shoes. Her income and price elasticities of demand for shoes are

A income elasticity zero, price elasticity unity
B income elasticity zero, price elasticity zero
C income elasticity unity, price elasticity unity
D income elasticity unity, price elasticity zero
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)