7) If the income elasticity of demand for books is 1,5, a 10 % increase in the income of consumers will cause a __ and books are _ a) 15% increase in the demand for books, normal goods b) 15 % decrease in the demand for books, superior goods c) 15% increase in the demand for books, inferior goods b) 15 % decrease in the demand for books, inferior good

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A: Q2=3 Q1=1 Y2=50000 Y1=25000

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