As per a recent report ( March 2023), Consumers are buying more of lower cost brands while stores like Macy's and Best Buy are experiencing declining sales. What kind of Income Elasticities and what kind of goods are the lower cost brands versus Macy's and Best Buy stores? ONLY ONE OF THE FOLLOWING STATEMENTS IS CORRECT. IDENTIFY THAT CORRECT STATEMENT. Group of answer choices Income elasticity for lower cost brands is positive and lower cost brands are normal goods. Income elasticity is positive for lower cost brands and lower cost brands are inferior goods. Income elasticity is positive for Macy's and Best Buy Stores and Macy's and Best Buy Stores are normal goods. Income elasticity is positive for Macy's and Best Buy Stores and Macy's and Best Buy Stores are inferior goods