Cars may be categorized as a normal good. Which of the following may represent the income elasticity of demand for cars? Question 10 options: 0.4 -0.3 -0.5 All of the aboveA house painting firm uses three inputs - labor, painting supplies and a room to store its supplies. The firm hires labor on weekly contracts, it can buy the painting supplies daily, and it has a monthly lease on the storage room. Which of the following time periods would be considered long-run for this firm? Question 11 options: 2 months 3 days 24 hours 2 weeks