3 As your income decreased, the demand for good X decreased or shifted to left Good X is Select one: but of O a. a luxury good. O b. an income neutral good. O c. a normal good. O d. None of the answers O e. an inferior good.If the demand for macaroni and cheese decreases as income increases, macaroni and cheese is a ved tal Select one: O a complementary good. O b. None of the answers O. c. interior good. Old. substitute good. O e. normal good. Clear my choiceAssume hamburgers and hot dogs are substitutes. A decrease in the price of hot dogs will cause Select one: a. leftward shift of demand curve. O b. None of the answers. O c. rightward shift of demand curve, O d. movement along the supply curve. O. e. movement along the demand curve,Why do firms engage in the activity of production? Select one: O a. None of the answers O b. to help society advance technologically O c. to participate in the circular flow O d. to develop a supply schedule O e. to acquire profitsAccording to the law of demand there is negative relationship between Select one: O a. price; income O b. None of the answers O c. price; quantity demanded O d. quantity; income O e. price; demandA decrease in the price of a good or service leads to O ......... that leads to a Select one: O a. decrease in quantity demanded; shift of the demand curve b. decrease in demand; movement along the demand curve O c. increase in demand; shift of the demand curve O d. increase in quantity demanded; movement along the demand curve O e. None of the answers Clear my choiceSuppose the demand for books goes down when the price of video games goes down. We can say that these two goods are Select one: Of a perfect substitutes. b. substitutes. O c. complements. O d unrelated goods. De. None of the answers Clear my choice