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Question 17 (1 point) A good has an income elasticity of +0.5. An increase in income from $15,000 to $25,000 will lead to a (A) 5 percent decrease in the quantity demanded of the good. UT B) 25 percent increase in the quantity demanded of the good. 8 C) 25 percent decrease in the quantity demanded of the good. 21 O D) 5 percent increase in the quantity demanded of the good. 24 O E) 2.5 percent increase in the quantity demanded of the good. Question 18