1. If an increase in income leads to a decrease in the demand for popcorn, then popcorn is
- an inferior good.
- a necessity.
- a neutral good.
- a normal good.
2. An increase in population would be represented by a movement from
- A to B.
- B to A.
- D2 to D1.
- D1 to D2.
3. A decrease in taste or preference would be represented by a movement from
- B to A.
- A to B.
- D1 to D2.
- D2 to D1.
4. If the product represented is an inferior good, an increase in income would be represented by a movement from
- B to A.
- D1 to D2.
- A to B.
- D2 to D1.
5. A decrease in the price of the product would be represented by a movement from
- A to B.
- B to A.
- D2 to D1.
- D1 to D2.