1 (1 point) When the price of a good increases, what occurs to the quantity demanded? Question 1 options: a) The quantity demanded decreases. b) The quantity demanded increases. c) The quantity demanded stays the same. Question 2 (1 point) When the price of Apple computers goes down, what probably happens to the demand for Windows-based computers? Question 2 options: a) The demand for Windows-based computers increases. b) The demand for Windows-based computers decreases. c) A change in the price of Apple computers has no effect on the demand for Windows-based computers. Question 3 (1 point) When the price of olive oil goes up, what probably happens to the demand for corn oil? Question 3 options: a) The demand for corn oil increases. b) The demand for corn oil decreases. c) A change in the price of olive oil has no effect on the demand for corn oil. Question 4 (1 point) If everyone thinks the price of tomatoes will go up next week, what is likely to happen to demand for tomatoes today? Question 4 options: a) The demand for tomatoes increases. b) The demand for tomatoes decreases. c) Expectations about the price of tomatoes do not affect the demand for tomatoes today. Question 5 (1 point) Which of the following will not cause the demand for product K to change? Question 5 options: a) A change in the price of close substitute product J b) An increase in consumer incomes c) A change in the price of product K d) A change in consumer tastes