If the income elasticity of demand for good X is greater than 1, then:

Name: If the income elasticity of demand for good X is greater than 1, then:
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If the income elasticity of demand for good X is greater than 1, it means that as income increases, the demand for good X increases at a greater rate than the increase in income. This is characteristic of a normal and superior good, as people with higher incomes tend to consume more of it, and their demand for it is more income-elastic.

If the Income Elasticity of Demand for Good X Is