QUESTION 5 1 points Save Ar The income elasticty of dmeand is negative for inferior goods. O A. This means that you buy more inferior goods as your income increases. O B. This means that you buy the same amount of inferior goods when your income increases, but more of everything else. O C. This means that you buy fewer inferior goods when your income increase. O D. This means that as your income changes you will not buy as many more of other goods as you do inferior goods because they are cheap so you can easily afford more as your income increases. QUESTION 6 1 points Save Answe The price elasticity of suppy reflects how willing businesses are to the quantity supplied in response to a higher price. O A. decrease O B. increase O C. Not enough information