If the Demand for a Product Has an Income Elasticity

Multiple Choice

If the demand for a product has an income elasticity of - 3.4,we can conclude that

A) a decrease in income will lead to an increase in demand for the product.
B) the product has a rising income- consumption curve.
C) the product is a normal good.
D) an increase in income will lead to an increase in demand for the product.
E) the product is certainly a necessity.