Table 5-8 -Refer to Table 5-8. Using the Midpoint Method, the Income

Multiple Choice

Table 5-8
-Refer to Table 5-8. Using the midpoint method, the income elasticity of demand for good Y is

A) 2.33, and good Y is a normal good.
B) -2.33, and good Y is an inferior good.
C) -0.43, and good Y is a normal good.
D) -0.43, and good Y is an inferior good.