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A. The price elasticity of demand is negative: the income elasticity of demand is negative
B. The price elasticity of demand is positive the income elasticity of demand is negative
C. The price elasticity of demand is negative the income elasticity of demand is positive
D. The price elasticity of demand is positive the income elasticity of demand is positive

Correct Answer: The price elasticity of demand is negative: the income elasticity of demand is negative

Last Updated: June 18, 2019