1) Inferior goods are goods where consumers buy less of the good when their income increase. 1 point       True       False

1. Classify each pair of goods as substitutes, complements, or independent. - shoes and sandals  - beef and chicken  - peanut butter and lumber  - wine and  cheese  - tables and chairs  - shampoo and conditioner

6. If a decrease in the price of Good X causes a decrease in the demand for Good Y, we can conclude that a. Goods X is a normal good while Y is an inferior good. b.Goods X and Y are complement goods. c. Goods X and Y are normal goods. d. Goods X and Y are substitute goods.

Give 5 examples each of inferior goods and normal goods