Question: 2) Solve and identify (if they are luxuries, normal or inferior goods) the income elasticity coefficient, if: 2.A Q1=5 Q2 = 11 11 = $4

2) Solve and identify (if they are luxuries, normal or inferior goods) the income elasticity coefficient, if: 2.A Q1=5 Q2 = 11 11 = $4 12 = $8 2.B Q12 Q2 = 15 11= $10 12 = $5 2.C Q1 4 Q2 = 14 11 $3 12 $17 13

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