Use the information in the table below to identify the income elasticity type of each of the following products, A to E. produc % change in % change in t income Income elasticity (is quantity demanded equal to) Income elasticity indicates what type of good A 9 16 B -6 8 C 5 5 D 8 -3 E -5 -3 Example: If income change is +10% and quantity change is 3%, then income elasticity is 0.3 and the income elasticity shows a normal product