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Question: assume that a 4 percent increase in income results in...

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Assume that a 4 percent increase in income results in a 6 percent decrease in the quantity demanded of a good. The income elasticity of demand for the good is

a. negative and therefore the good is an inferior good.

b. negative and therefore the good is a normal good.

c. positive and therefore the good is an inferior good.

d. positive and therefore the good is a normal good.

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