Multiple Choice
Lenny buys less oatmeal for breakfast when his income rises.This means that for Lenny,
A) oatmeal is an normal good.
B) the income elasticity of demand for oatmeal is positive.
C) the income elasticity of demand for oatmeal is negative.
D) A and C are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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