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1. An inferior good is a good for which: A) a decrease in income would increase demand. B) an increase in income would increase demand. C) a decrease in the price of a complement would increase demand. D) a decrease in the price of a substitute would increase demand. 2. The law of supply is best illustrated by which feature of a supp curve? A) Its position B) Its positive slope C) Its negative slope D) Its curvature 3. A "change in quantity demanded" would be illustrated as: A) a shift of the entire demand curve, either up or down. B) a shift of the entire demand curve, either to the right or left. C) a movement along a stationary demand curve. D) a change in the slope of the demand curve. 4. The law of demand says that: A) price and quantity are directly related, so demand curves are positively-sloped. B) price and quantity are directly related, so demand curves are negatively-sloped. C) price and quantity are inversely related, so demand curves are positively-sloped. D) price and quantity are inversely related, so demand curves are negatively-sloped