Good X is a normal good ifan increase in income leads to Multiple Choice 0 an increase in the supply for good K. 0 an increase in the demand for good K. O a decrease in the demand for good X. 0 a decrease in the supply.r for good X. Multiple Choice 0 demand of good A. supply of good B. the quantity demanded of good A. the quantity demanded of good B. 000 Mitchell's money income is $150, the price of X is $2, and the price of Y is $2. Given these prices and income, Mitchell buys 50 units of X and 25 units of Y. Call this combination of X and Y bundle J. At bundle J, Mitchell's MRS is 2. Given these prices and income, what is Mitchell's equilibrium consumption of X? Multiple Choice O X 50. O X = 75.Based on the graph, which of the following movements Show the effect of a decrease in income for good X an inferior good Multiple Choice O point A to point B O point A to point D O point D to point A O point B to point ASUMMARY OUTPUT Regression Statistics Multiple R 0.971 R - Square A Adjusted R-Square B Standard Error 30.462 Observations 51 ANOVA df SS MS F Significance F Regression C 747851.57 373925.79 402.98 9. 89E-31 Residual 48 D 927.91 Total 50 792391 . 11 Standard Coefficients Error t Stat P-Value Lower 95% Upper 95% Intercept E 62.13 26.79 1. 60E-30 1539.66 1789.51 Price of Roses -6.68 F -1.41 1. 64E-01 -16.16 2. 81 Disposable Income (M) 9.73 0. 34 G 1. 23E-31 9.04 10.42The residual sum of squares and degrees of freedom due to the regression are Multiple Choice O 44,539.54 and 2, respectively. O 747,851.57, and 98, respectively. O 1,540,242.68 and 48, respectively. O indeterminable as there is insufficient information to answer this