If the income elasticity of canned beans is -.8 then it can be concluded that canned beans are a(n):

Group of answer choices

a. substitute good

b. normal good

c. unit elastic good

d. inferior good

e. none of the above.

If the cross elasticity between two goods is 2 then the two goods are probably,

Group of answer choices

a. coffee and cream

b. burgers and fries

c. peaches and nectarines

d. peanut butter and jelly

e. Any of the above.

The absolute value of the price elasticity of demand along a straight line demand curve:

Group of answer choices

a. is constant, because the slope is constant

b. increases as price decreases

c. decreases as price increases

d. decreases as price decreases

e. none of the above.