Suppose the income elasticity of demand for toys is +0.8. This means that (multiple choice)
A. a 6 percent increase in income will increase the purchase of toys by 4.8 percent.
B. a 6 percent increase in income will increase the purchase of toys by 7.5 percent.
C. a 6 percent increase in income will decrease the purchase of toys by 4.8 percent.
D. toys are an inferior good.