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Q - Consumer's utility f(x) is u(x,y) = x^(1/2) + y. Which of the following is true?
A) Income elasticity of both goods x and y is 1
B) Income elasticity of good x is 0
C) Income elasticity of good y is 0
D) Income elasticity of good x is 1 and of good y is 0
answer is b.....plz explain how???
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