Question 21 Table 4-3 Price of the Good Sophie Henry Neva Smith $0.00 22 1a a 0.50 20 14 6 5 1.00 '16 12 2 5 1.50 14 10 0 4 2.00 s 5 n 2 2.50 2 5 0 Refer to the Table 4-3. 'What happens if the price decreases 'cm $1.50 to $1.00? O a. The quantity demanded in the market decreases by 2 units. '3' b. The market demand increases by 35 units. 0 C. The quantity demanded in the market increases by 7 units. 0 (1. Individual demands will increase. Question 24 Table 6-5 This table pertains to an economy with only two goods: shorts and t-shirts. The fixed basket consists of 5 shorts and 10 t-shirts. Year Price of Shorts Price of T-shirts 2017 $24 $8 2018 $30 $12 2019 $32 $15 Refer to Table 6-5. Using 2019 as the base year, what is the consumer price index? O a. 52.66 in 2017, 90.89 in 2018, and 100.00 in 2019 O b. 64.52 in 2017, 87.10 in 2018, and 100.00 in 2019 O c. 100.00 in 2017, 135.00 in 2018, and 155.00 in 2019 O d. 52.66 in 2017, 84.25 in 2018, and 106.50 in 2019