11. Suppose the incnme elasticityr nf demand is {1.5 fnr ngd K. This implies that a 5% decrease in incnrne will cause the quantity demanded nf gend I in a] increase by 2.5%, and K is an inferinr gnnd. h] decrease by 2.5% and K is a normal geed. c] increase by lfl’l‘fi and K is an inferior gnnd. [1] decrease by 13% and K is a nnrmal gee-d.

11. Suppose the incnme elasticityr nf demand is {1.5 fnr ngd K. This implies that a 5%
decrease in incnrne will cause the quantity demanded nf gend I in a] increase by 2.5%, and K is an inferinr gnnd. h] decrease by 2.5% and K is a normal geed. c] increase by lfl’l‘fi and K is an inferior gnnd. [1] decrease by 13% and K is a nnrmal gee-d.

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