If the Income Elasticity of Demand for Chocolate Chip Cookies

question 131

Multiple Choice

If the income elasticity of demand for chocolate chip cookies is 1.84, then chocolate chip cookies are

• A)a normal good and income elastic.
• B)a normal good and income inelastic.
• C)also price elastic.
• D)an inferior good and income elastic.
• E)an inferior good and income inelastic.

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