Table 5-1 Price Elasticity Good of Demand A 1 .9 B 0.8 32. Refer to Table 5-1. Which of the following is consistent With the elasticities given in Table 5-1? a. A is a luxury and B is a necessity. b. A is a good after an increase in income and B is that same good after a decrease in income. c. A has fewer substitutes than B. d. A is a good immediately after a price increase and B is that same good three years after the price increase