Which of the following concepts are relatable to income of m

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ESE 2018 Prelims Paper I
Engineering aptitude
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Engineering aptitude

26

M: +2.00/-0.66

Which of the following concepts are relatable to income of members of the public while considering public welfare?
1) Sensitivity of demand
2) Elasticity of demand
3) Sensitivity of expenditure
4) Elasticity of expenditure

[ESE 2018 Prelims Paper I]

A 1 and 2 only

B 2 and 3 only

C 3 and 4 only

D 1 and 4 only