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Harry is contemplating life after graduation when he lands a high paying job earning 200% more...

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Economics

Harry is contemplating life after graduation when he lands a high paying job earning 200% more than he is earning now. His income elasticity of demand for Onewheels (electric unicycles) is 0.5. If Harry already owns one (1) Onewheel, what can we say about Harry and Onewheel? Onewheel is an inferior good and Harry will sell an additional Onewheel. Onewheel is a normal good and Harry will buy two additional Onewheels Onewheel is a normal good and Harry will sell an additional Onewheel Onewheel is a normal good and Harry will buy an additional Onewheel Onewheel is an inferior good and Harry will buy an additional Onewheel.

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