For a normal good?

991EconomicsMedium

AThe price elasticity of demand is negative the income elasticity of demand is positive

BThe price elasticity of demand is negative the income elasticity of demand is negative

CThe price elasticity of demand is positive; the income elasticity of demand is positive

DThe price elasticity of demand is positive the income elasticity of demand is negative

Correct answer

A. The price elasticity of demand is negative the income elasticity of demand is positive

Explanation

The correct answer is The price elasticity of demand is negative the income elasticity of demand is positive.

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