The income elasticity of demand for peanut butter is 0.1. From this, we know that peanut butter is a(n) because . a) normal good; elasticity is negative
b) inferior good; elasticity is negative
c) normal good; elasticity is positive
d) inferior good; elasticity is positive.

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mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?