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19) During an economic downturn when consumer income falls, the demand for tacos increases and the demand for sushi decreases. This implies that tacos ellaport

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19) During an economic downturn when consumer income falls, the demand for tacos increases and the demand for sushi decreases. This implies that tacos ellaport A) are a normal good and sushi is an inferior good. B) are an economic bad and sushi is an economic good. C) and sushi are complements. D) are an inferior good and sushi is a normal good. ni Blow affVC 20) When the decrease in the price of one good causes the demand for another good to decrease, the goods are A) complements. B) normal. C) substitutes. D) inferior. 21) According to the law of supply, there is a A) negative relationship between price and the quantity of a good supplied. nixhod griniam mog Silt gled b B) positive relationship between price and the change in supply. C) negative relationship between price and the change in supply. D) positive relationship between price and the quantity of a good supplied. 22) Equilibrium is the condition that exists A) when quantity demanded equals quantity supplied. B) when the demand curve intersects the price axis. C) whenever there is no government intervention in the market. D) when the demand curve intersects the quantity axis. 23) When there is an excess supply of a product in an unregulated market, the tendency is for A) quantity demanded to decrease. B) price to decrease. C) quantity supplied to increase. D) price to rise

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