Multiple Choice
If the income elasticity of demand for good A was 3.9 and the income elasticity of demand for B was 0.2:
A) Both good A and good B are normal.
B) Both good A and good B are inferior.
C) Good A is normal and good B is inferior.
D) Good A is inferior and good B is normal.
Correct Answer:
Verified
Correct Answer:
Verified
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