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Questions 55 and 56 are related. 55. In the article titled "California's Scrambled Eggs" the sixth paragraph reads: "This comes when egg demand is growing, in part because soaring meat prices have caused Americans to turn to other foods. Per capita consumption is expected to reach more than 260 eggs this year, the highest since 1983, according to the USDA. The poorest consumers have been hit hardest by the price spike because eggs have traditionally been a cheap source of protein". The idea that egg demand is growing, in part because soaring meat prices have caused Americans to turn to other foods, implies: a. Eggs are "normal" goods. b. Eggs are "inferior" goods. C. Eggs and meat are "complementary" products. d. Eggs and meat are "substitute" products. e. Both answers a. and d. are correct. 12 56. The sentence "the poorest consumers have been hit hardest by the price spike because eggs have traditionally been a cheap source of protein" implies: a. Eggs are "normal" goods. b. Eggs are "inferior" goods. c. Eggs and meat are "complementary" products. d. Eggs and meat are "substitute" products. e. Both answers b. and d. are correct.Questions 51 through 54 are related. 51. In the attached article titled "Advanced Auto Parts Stock Slides After Profit Miss" the sixth paragraph reads: "During a call with analysts, Mr. Greco [the CEO] tied "temporary industry softness" to economic uncertainty for low-income consumers, the acceleration of new-car sales from 2010 and mild weather that has reduced the need for seasonal repairs". The phrase "temporary softness" implies: The demand curve was further to the right or up than originally expected or forecast. The demand curve was further to the left or down than originally expected or forecast. Both the demand curve and supply curve were further to the right than originally expected or forecast. Both the demand curve and supply curve were further to the left than originally expected or forecast The demand curve was further to the left or down than originally expected or forecast while the supply curve was further to the left or back than originally forecast. 52. The idea that "economic uncertainty for low-income consumers" contributed to the "temporary softness" implies: a. b. the income elasticity for auto parts is negative - i.e. auto parts are inferior goods. the income elasticity for auto parts is positive - i.e. auto parts are normal or luxury goods. C. the income elasticity for auto parts is zero - i.e. auto parts cannot be categorized. d. the prices of complementary products increased. e. None of the above answers is correct. 53. The idea that "mild weather" contributed to the "temporary softness" implies: a. Harsher than normal weather would cause the demand for auto parts to increase from the "typical" year. b. Harsher than normal weather would cause the demand for auto parts to decrease from the "typical" year. C. As a result of mild weather, the demand curve was further to the right or up than originally expected or forecast. d. As a result of mild weather, the demand curve was further to the left or down than originally expected or forecast. e. Both answers a. and d. are correct. 54. The idea that "the acceleration of new-car sales from 2010" contributed to the "temporary softness" implies: a. b. As cars age, their demand for auto parts decreases. As cars age, their demand for auto parts increases. C. d. As a result of the new-car sales, the demand curve was further to the right or up than originally expected or forecast. As a result of the new-car sales, the demand curve was further to the left or down than originally expected or forecast. e. Both answers b. and d. are correct