Economists Estimate That the Income Elasticity of Demand for Women's

Multiple Choice

Economists estimate that the income elasticity of demand for women's hairstyling services is +3.5,suggesting that ________.

A) hairstyling services are an inferior good and quantity demanded will decrease as incomes increase
B) hairstyling services are an inferior good and quantity demanded will increase as incomes increase
C) hairstyling services are a normal good and quantity demanded will decrease as incomes increase
D) hairstyling services are a normal good and quantity demanded will increase as incomes increase