You own a bagel shop on College Ave. You hear a news report that says that consumer income has risen by 10%. After this report you notice that the amount of bagels you sell has increased by 20%. In this case the income elasticity of demand is positive, meaning that bagels are an inferior good negative, meaning that bagels are an inferior good negative, meaning that bagels are a normal good positive, meaning that bagels are a normal good

Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005