Business, 18.10.2019 23:00 julieariscar769

Assume that a 4 percent decrease in income results in a 6 percent increase in the quantity demanded of a good. the income elasticity of demand for the good is a. negative, and the good is an inferior good. b. negative, and the good is a normal good. c. positive, and the good is an inferior good. d. positive, and the good is a normal good.

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