Essay
If the percentage change in the quantity demanded of a good is greater than the percentage change in income and in the same direction, then this good will have an income elasticity:
A.greater than 1 and it is a normal good.
B.less than 1 and it is a normal good.
C.equal to 1 and it is a normal good.
D.less than 1 and it is an inferior good.
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