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K When income rises by 3 percent and other things remain the same, the quantity demanded of good C decreases by 6 percent. Calculate

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K When income rises by 3 percent and other things remain the same, the quantity demanded of good C decreases by 6 percent. Calculate the income elasticity of demand for good C. Is good C a normal good or an inferior good? How does the demand for good C change? The income elasticity of demand for good C is -2 >>> Answer to 1 decimal place. Good C is good and as income rises, the demand for good C A. a complementary; increases B. an inferior, decreases C. a normal; increases D. an inferior; increases E. a normal; decreases

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