Multiple Choice
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 _____1, and it is a(n) _____ good.
A) greater than; normal
B) less than; normal
C) equal to; normal
D) less than; inferior
Correct Answer:
Verified
Correct Answer:
Verified
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