Table 5-1 -Refer to Table 5-1. Which of the Following Is Consistent

Multiple Choice

Table 5-1

-Refer to Table 5-1. Which of the following is consistent with the elasticities given in Table 5-1?

A) A is a luxury and B is a necessity.
B) A is a good after an increase in income and B is that same good after a decrease in income.
C) A has fewer substitutes than c.
D) A is a good immediately after a price increase and B is that same good 3 years after the price increase.