question when measuring income - elasticity, what does a positive result tell us? select the correct answer…

question when measuring income - elasticity, what does a positive result tell us? select the correct answer below. two goods are complements. a good is normal. a good is inferior. two goods are substitutes.

question when measuring income - elasticity, what does a positive result tell us? select the correct answer below. two goods are complements. a good is normal. a good is inferior. two goods are substitutes.

Answer

Brief Explanations:

Income - elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in income. A positive result indicates that as income increases, the quantity demanded of the good increases, which is the characteristic of a normal good.

Answer:

A good is normal.