AI-generated, not reviewedSL/HL4 marks, command term Calculate
The figures are invented. Income rises from 2,500 to 2,750. Quantity demanded of good A rises from 40 to 46; quantity demanded of good B falls from 40 to 36. Calculate the income elasticity of demand for each good and classify both goods.
Paper 2-style short part (standalone practice; not an IB question).