Question 12 (1 point)

A firm sells "Big Boy Toys" (bass boats, ATV's, etc...) and overall faces an estimated income elasticity of demand of 2.5 for its products. If so, then the firm's products can be classified as

Question 12 options:

a)	I would not pick this answer

b)	normal goods that also meet the criteria of luxury or superior goods

c)	inferior goods

d)	normal goods, but NOT also meeting the criteria of luxury or superior goods