Use the Following to Answer Question 329 -(Table: Prices,Quantity Demanded,and Income for Jeremy)Use Table: Prices,Quantity Demanded,and Income

question 70

Multiple Choice

Use the following to answer question 329: $$\begin{array}{l}\text { Table: Prices, Quantity Demanded, and Income for Jeremy }\\\begin{array} { l l c c c } \hline \text { Year } & \text { Good } & \text { Price } & \text { Quantity Demanded } & \text { Income } \\\hline 2008 & \text { Coffee } & \$ 4 & 12 & \\2008 & \text { Donuts } & \$ 2 & 20 & \$ 100 \\2008 & & & 13 & \\2009 & \text { Coffee } & \$ 4 & 18 & \$ 150 \\2009 & \text { Donuts } & \$ 2 & & \\2009 & & & & \\\hline\end{array}\end{array}$$
-(Table: Prices,Quantity Demanded,and Income for Jeremy) Use Table: Prices,Quantity Demanded,and Income for Jeremy.Between the 2 years listed,by the midpoint method,Jeremy's income elasticity of demand for coffee equals _____ and doughnuts are a(n) _____ good.

• A) 0.20;inferior
• B) 2;normal
• C) 2;inferior
• D) 0.20;normal

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