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Suppose income increases by 20 percent​ and, as a​ result, the quantity of a particular brand...

Suppose income increases by 20 percent​ and, as a​ result, the quantity of a particular brand of automobile demanded​ (holding the price for this particular automobile​ constant) decreases by 4 percent.

The income elasticity of demand for this brand of car is _____?

This particular brand of automobile is​ inferior or normal goo

In another​ example, suppose market research shows that a particular brand of truck is a normal good and a luxury.

If​ so, then the income elasticity of demand for this truck is?

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