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QUESTION 3 The Boxing Dayr sales (26th of December each year) see prices in Australian retail stores greatlyr reduced. Assume that there is no increase in demand at retails ores during this Boxing Day sales. Select the item from the list provided to make the following statements true _ v The decrease in prices, ceteris paribus, will result in what 1' Movement up and along the demand curve happening in relation to the demand curve? 2. Increase _ 3. Not equal . v If the sale ends on the 27th of December. and prices and 4_ Shift to the left of the demand curve quantities revert to their original level priorto the sale, this would 5_ Decrease result In a 6. Decrease in demand . v The quantity demanded and price, on the 28th of December, are 7' Shift right of the demand curve different compared to before the sale on Boxing Day. What has 8- Shift '9\" CT the 5UPD'Y curve happened to demand? 9. Movement both up and down along the demand curve 10. Movement down and along the demand curve 11. Not enough information to know 12. Nothing has changed