Given are the following income elasticities of demand: Product, Income Elasticity Movies + 3.4 Dental services + 1.0 Clothing + 0.5 The values indicate that O a 1 percent increase in income will increase the quantity of movies demanded by 3.4 percent. O a 5 percent increase in the price of dental services will decrease the demand for dental services by 5 percent. O movies and dental services are normal goods, but clothing is an inferior good. O a 10 percent increase in income will increase the demand for clothing by 20 percent. A negative income-elasticity coefficient means that the good is inferior such that if income falls, the quantity demanded of the good will fall. O the good is normal such that if the price falls, the quantity demanded of the good will rise. O the good is inferior such that if the price falls, the quantity demanded of the good will rise. the good is inferior such that if income falls, the quantity demanded of the good will rise