Multiple Choice
Tyler purchases 5 pounds of hot dogs per month when his monthly income is $2,000 and 4 pounds of hot dogs per month when his monthly income is $2,200.Tyler's income elasticity of demand for hot dogs is
A) 2.33,and hot dogs are a normal good.
B) -2.33,and hot dogs are an inferior good.
C) 0.43,and hot dogs are a normal good.
D) -0.43,and hot dogs are an inferior good.
Correct Answer:

Verified
Correct Answer:
Verified
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