The X-Corporation produces a good (called X) that is an inferior good. Its competitor, Y-Corporation, makes a substitute good that it markets under the name " Y." Good Y is a normal good. 1) How will the demand for good X change if consumer incomes decrease? a) It will increase. b) It will decrease. c) It will increase then decrease. d) It will stay the same. 2) How will the demand for good Y change if consumer incomes increase? a) It will stay the same. b) It will decrease. c) It will decrease then decrease. d) It will increase. 3) How will the demand for good X change if the price of good Y increases? a) It will increase b) It will increase then decrease. c) It will decrease. d) It will stay the same. 4) Is good X a lower-quality product than good Y ? a) Yes - good Y is a lower quality product than good X. b) Not necessarily - it could be higher or lower quality. c) No goodY is a higher quality product than good X. d) No goodY is a product of identical quality to goodX