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Which among the following regarding the nature of goods and income elasticity are correctly matched? 1. Necessity : Between 0 and 1 2. Luxury : More than 1 3. Inferior : More than 0 [CAPF (ACs) 2025]

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1. Which among the following regarding the nature of goods and income elasticity are correctly matched? 1. Necessity : Between 0 and 1 2. Luxury : More than 1 3. Inferior : More than 0 **[CAPF (ACs) 2025]**

1 and 3 only

2 and 3 only

1 and 2 only

1, 2 and 3

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Which among the following regarding the nature of goods and income elasticity are correctly matched? 1. Necessity : Between 0 and 1 2. Luxury : More than 1 3. Inferior : More than 0 **[CAPF (ACs) 2025]**

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Which among the following regarding the nature of goods and income elasticity are correctly matched? 1. Necessity : Between 0 and 1 2. Luxury : More than 1 3. Inferior : More than 0 [CAPF (ACs) 2025]