Consider two goods: good X and good Y. You are told that the income elasticity of demand for good X is equal to -1.25 and the income elasticity of demand for good Y is equal to 2.3. You are also told that the cross-price elasticity of demand of good X for good Y is equal to 1.4. Given this information and holding everything else constant, you conclude that: Good Y is an inferior good, good X is a normal good, and goods X and Y are complements for one another. O Good Y is an inferior good, good X is a normal good, and goods X and Y are substitutes for one another. Good X is an inferior good, good Y is a normal good, and goods X and Y are substitutes for one another. Good X is an inferior good, good Y is a normal good, and goods X and Y are complements for one another