Question Complete Mark 0.00 out of 1.00 Economists estimated that the price elasticity of beer is -0.30 and the income elasticity of beer is 0.09. This means that Select one: 9 Mark 1.00 out of 1.00 a. an increase in the price of beer will lead to a decrease in the quantity demanded of beer and beer is a luxury. b. an increase in the price of beer will increase the quantity demanded of beer and beer is a normal good. c. a decrease in the price of beer will lead to an increase in revenue for beer sellers and beer is an inferior good. O d. an increase in the price of beer will lead to an increase in revenue for beer sellers and beer is a normal good