In view of the fact that kerosene is an inferior good in India, what is/are its implication(s)?
1. As households get richer, they consume less kerosene. 2. Over time there is a decline in quality of kerosene. 3. Government needs to stop subsidies on kerosene.
Select the correct answer using the code given below.

Options

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3