Three years after graduating fromcollege, you get a promotion and a 16 percent raise. Your consumption habits change accordingly.

(For all the calculations below round your answer to two decimalplaces, and enter a"-" if your answer isnegative.)

Suppose your consumption of frozen hot dogs has reduced by 8 percent. Your income elasticity of demand is (blank). Thus, we can say that a frozen hot dog is a(n)

inferior good

luxury good

normal good

.