1. According to the law of demand there is ________ relationship between price and quantity demanded. (Points : 1)a positivea negativeeither a positive or negativea constantly changing2. When the decrease in the price of one good causes the demand fo
1. According to the law of demand there is ________ relationship between price and quantity demanded. (Points : 1)a positivea negativeeither a positive or negativea constantly changing2. When the decrease in the price of one good causes the demand for another good to decrease the goods are (Points : 1)normal.inferior.substitutes.complements.3. If a households income falls by 10% its budget constraint will (Points : 1)shift out parallel to the old one.pivot at the Y-intercept.shift in parallel to the old one.be unaffected.4. We can state the utility-maximizing rule in words in the following way: A person maximizes utility when she equalizes the ________ across products. (Points : 1)total utilitytotal utility per dollar spentmarginal utilitymarginal utility per dollar spent