Good X has a price elasticity of demand of –2.4, an income elasticity of demand of –0.4 and a cross elasticity of demand with good Y of +0.8. Which description best fits good X?
- Ainferior good, price-elastic demand and substitute for good Y
- Binferior good, price-inelastic demand and complement to good Y
- Cnormal good, price-elastic demand and complement to good Y
- Dnormal good, price-inelastic demand and substitute for good Y