If an increase in income leads to a decrease in the demand for popcorn, then pop

Question

If an increase in income leads to a decrease in the demand for popcorn, then popcom is an inferior good O a normal good O a neutral good O a necessity Question 11 In January, buyers of gold expect that the price of gold will rise in February. What then will happen in the gold market in January, holding all else constant O The demand curve shifts to the right The quantity demanded increases O The demand curves shifts to the left O The supply curves shifts to the right DI 1 pts Question 12 McDonald's expene ced creased sales The increase in de ard for Big Macs des te thed lie During the recession of 2007-2009, despite falling income le ek in income indicates that Big Macs are considered noinasl goods. O substitute gaodh. inferior goods e to search

Explanation / Answer

10. Option a.

11. Option a.

12. Option c.

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