Question

A good with an income elasticity greater than one is A good with an income elasticity that is positive and less than 1 is A good with an income elasticity that is negative is OA. a normal good that is income inelastic; a normal good that is income elastic; an inferior good OB. an inferior good; a normal good that is income elastic; a normal good that is income inelastic OC. a normal good that is income elastic, a normal good that is income inelastic; an inferior good OD. a normal good that is unit elastic, a normal good that is income elastic; an inferior good An example of an income elastic good is and an example of an income inelastic good is OA. a haircut; food OB. tobacco; furniture OC. clothing; a telephone OD. airline travel; an automobile