Arrange the following goods and services in the increasing order of the underlying income elasticity of demand.
A. Normal consumption goods
B. Necessities
C. Luxuries
D. Inferior goods
E. Services
Choose the correct answer from the options given below:
1
D, B, A, E, C
2
D, C, B, A, E
3
C, E, B, A, D
4
B, A, D, C, E