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Please provide response and explain or provide work. I would like to understand how you came to the answer. Thank you. Question 2 1 points

Please provide response and explain or provide work. I would like to understand how you came to the answer. Thank you.

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Question 2 1 points Save Answer If a 10 percent increase in consumer incomes leads to a 15 percent increase in the quantity demanded for a good, the good is a O necessity; 0.67 good with an income elasticity of O luxury; 0.67 O necessity; 1.5 O luxury; 1.5

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