If Jack bought 12 DVDs last year when his income was $40,000 and he buys 14 DVDs this year when his income is $43,000, then his income elasticity of demand is ______________ which means that DVDs are a(n) ______________ good for Jack.
A)+0.41; normal
B)-0.47; inferior
C)+2.13; normal
D)+0.59; inferior
E)-2.13; inferior

Question

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The Answer of If Jack bought 12 DVDs last year when his income was $40,000 and he buys 14 DVDs this year when his income is $43,000, then his income elasticity of demand is ______________ which means that DVDs are a(n) ______________ good for Jack.
A)+0.41; normal
B)-0.47; inferior
C)+2.13; normal
D)+0.59; inferior
E)-2.13; inferior

If Jack Bought 12 DVDs Last Year When His Income