Suppose that the income elasticity of rental accomodation in a poor-status

S

Si L

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suburb is actually negative.? Suppose that the income elasticity of rental accomodation in a poor-status
suburb is actually negative. This means that:

A) the demand for rental accommodation in this suburb will fall if there is an
increase in the income-levels of tenants in this suburb
B) the demand for rental accommodation in this suburb will fall if there is a
decrease in the income-levels of tenants in this suburb
C) rental accommodation in this suburb may be classified as a necessity
D) rental accommodation in this suburb may be classified as a luxury

my answer is A is that correct?explanation too please.
 
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