If a 10 Percent Increase in Income Leads to a 5

question 44

Multiple Choice

If a 10 percent increase in income leads to a 5 percent decrease in the demand for a good,the income elasticity of demand equals ________ and the good is ________ good.

• A) 1/2; a normal
• B) -1/2; an inferior
• C) 2; a normal
• D) -2; a normal
• E) -5; an inferior

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