Multiple Choice
Last year,Jenna bought 50 kilograms of hamburger when her household's income was $60,000.This year,the household income was only $50,000 and Jenna bought 60 kilograms of hamburger.All else constant,what is Jenna's income elasticity of demand for hamburger,and what does this imply
A) positive, so Jenna considers hamburger to be an inferior good
B) positive, so Jenna considers hamburger to be a normal good and a necessity
C) negative, so Jenna considers hamburger to be an inferior good
D) negative, so Jenna considers hamburger to be a normal good
Correct Answer:

Verified
Correct Answer:
Verified
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