As a result of an increase in consumer incomes, the demand for Meeps has decreased. Based on this information, what can we definitely say about what type of good a Meep is? Choose 1 answer: Choose 1 answer: (Choice A) It is a substitute good. A It is a substitute good. (Choice B) It is a complement good. B It is a complement good. (Choice C) It is a normal good. C It is a normal good. (Choice D) It is an inferior good. D It is an inferior good. (Choice E) It has many substitutes. E It has many substitutes.Which of the following best describes the four phases of the business cycle in the correct order? Choose 1 answer: Choose 1 answer: (Choice A) Trough, expansion, peak, and recession A Trough, expansion, peak, and recession (Choice B) Expansion, trough, peak, and recession B Expansion, trough, peak, and recession (Choice C) Recession, trough, peak, and expansion C Recession, trough, peak, and expansion (Choice D) Peak, expansion, recession, trough D Peak, expansion, recession, trough (Choice E) Recession, peak, expansion, trough E Recession, peak, expansion, trough