Drew Recently Received a Promotion at His Job, Increasing His

Multiple Choice

Drew recently received a promotion at his job, increasing his income from $940 per week to $1,060 per week. As a result, he decides to purchase 9% more Kobe steaks per week. Computed using the midpoint method, his income elasticity for Kobe steaks is _____, and Kobe steaks are a(n) _____ good.

A) 0.75; normal
B) -0.75; inferior
C) 0.71; normal
D) -0.71; inferior