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No explanation please 1.If John looses his job and his income decreases, we would expect Group of answer choices his demand for normal goods to

No explanation please

1.If John looses his job and his income decreases, we would expect

Group of answer choices

his demand for normal goods to increase

his demand for all goods he purchases to remain unchanged

his demand for normal goods to decrease

his demand for inferior goods to decrease

2.

Suppose that scientists find evidence that coffee consumption lowers cholesterol. If so, we would expect to see

Group of answer choices

an increase in demand for tea, if coffee and tea are substitutes

no change in demand for coffee

an increase in demand for coffee

a decrease in demand for coffee

3.Suppose peanut butter and jelly are complements. If so, a decrease in the price of peanut butter will lead to

Group of answer choices

an increase in demand for peanut butter

a decrease in demand for peanut butter

a decrease in demand for jelly

an increase in demand for jelly

4.Suppose you are an ice cream maker. An increase in the price of cream will cause your

quantity supplied of ice cream to increase

supply of ice cream to increase

quantity supplied of ice cream to decrease

supply of ice cream to decrease

5.Suppose an online retailer sells 70 books per month at $15 each. If they lower the price to $7.00 each they sell 90 books. If so, the price elasticity of demand for the books is

Group of answer choices

0.34

1.24

-3.14

2.54

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