The income elasticity of demand helps determine, empirically, whether a good is
A)Normal or inferior
B)A necessity or a luxury
C)A complement or a substitute to another good
D)Unit elastic or perfectly inelastic in its own demand.

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The Answer of The income elasticity of demand helps determine, empirically, whether a good is
A)Normal or inferior
B)A necessity or a luxury
C)A complement or a substitute to another good
D)Unit elastic or perfectly inelastic in its own demand.

The Income Elasticity of Demand Helps Determine, Empirically, Whether a Good