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If income increases by 10% and, in response, the quantity of housing demanded increases by 7%, then the income elasticity of demand for housing is

If income increases by 10% and, in response, the quantity of housing demanded increases by 7%, then the income elasticity of demand for housing is _________. Housing is considered a __________ good.

Select one:

a.0.7; normal.

b.-1; normal.

c.-0.7; inferior.

d.1.43; inferior.

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