Question

Which types of goods have the value of income elasticity less than 1?​

Answer 1

Answer:

Normal goods whose income elasticity of demand is between zero and one are typically referred to as necessity goods, which are products and services that consumers will buy regardless of changes in their income levels. Examples of necessity goods and services include tobacco products, haircuts, water, and electricity.

Answer 2

Answer:

Goods which the initials and are mainly just raw are having this income value.....pls mark as brilliant and follow