The income effect of a decrease in the price of potatoes (an inferior good) is a(n)

The income effect of a decrease in the price of potatoes (an inferior good) is a(n)
 a. decrease in the demand for potatoes
  b. decrease in the quantity demanded of potatoes
  c. increase in the demand for potatoes
  d. increase in the quantity demanded of potatoes
  e. new demand curve because everything else is no longer constant

QUESTION 2

The income effect of an increase in the price of backpacks (a normal good) is a(n)
 a. decrease in the demand for backpacks
  b. decrease in the quantity demanded of backpacks
  c. increase in the demand for backpacks
  d. increase in the quantity demanded of backpacks
  e. new demand curve because everything else is no longer constant

QUESTION 3

The income effect of a decrease in the price of legal services (a normal good) is a(n)
 a. decrease in the demand for legal services
  b. decrease in the quantity demanded of legal services
  c. increase in the demand for legal services
  d. increase in the quantity demanded of legal services
  e. new demand curve because everything else is no longer constant

QUESTION 4

If pretzels are a normal good, the income effect of a price change means that
 a. as income increases, the quantity demanded increases along the demand curve for pretzels
  b. as income increases, the demand curve for pretzels shifts rightward
  c. as income increases, the demand curve for pretzels shifts leftward
  d. as the price of pretzels increases, the real income of individuals who demand pretzels decreases, so the quantity demanded of pretzels decreases
  e. as the price of pretzels increases, income increases

QUESTION 5

For a renter, the income effect of an increase in apartment rents will
 a. have a greater effect than the income effect of an increase in the price of chewing gum
  b. have no impact on the demand curve for apartments, because everything except price is assumed constant
  c. have less of an effect than the income effect of an increase in the price of chewing gum
  d. be almost negligible, because housing is a necessity
  e. occur only when income increases

QUESTION 6

The income effect refers to the impact of a change in
 a. income on the price of a good
  b. the general price level caused by a change in the price of another good
  c. the price of a good on real income
  d. the price of a substitute for the good under consideration
  e. demand when income changes