.4* Assume that when consumer income increases ten percent (+10%), the demand for grits increases five percent (+5\%). The income elasticity of demand foe good 7X2 is: " +2.0 and good " X " is a "normal good," "+0.5" and good "X" is a "normal good," " +0.5 and the demand for good " X " is "relatively inelastic." 0.5 and good " x " is an "inferior good," " 42.0 and the demand for good " X " is "relatively elastic