Question: Please help me to choose correct answer The table below presents different demand elasticities for selected beverages. market segment elasticities cross-price elasticity of demand between
Please help me to choose correct answer

The table below presents different demand elasticities for selected beverages. market segment elasticities cross-price elasticity of demand between beer and wine 0.51 cross-price elasticity of demand between beer and spirits 0.24 income elasticity of demand for beer -0.69 income elasticity of demand for wine 3.78 income elasticity of demand for spirits 1.81 What can be concluded from the above data? 1 Beer is a closer substitute for spirits than wine. 2 The consumption of beer is negatively related to the change in income. 3 Both wine and spirits are normal goods. O A. 1, 2 and 3 are correct O B. 1 and 2 only are correct O c. 2 and 3 only are correct O D. 1 only is correct
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