Hello I have an agriculture food policy economic question and I am having trouble understanding the concept of the question. Below I have attached the image of the question a long with my answer. Feel free to correct me.

Which of the following is true? Own price elasticity of 1.2 is indicative of inelastic demand In general, the more necessary an item, the more elastic will be its demand 0 A positive income elasticity of demand suggests a good is inferior A negative cross price elasticity is indicative of complementarity