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Wk 1- Apply: The Fundamentals of Economics [due ... 6 Submitted 75/75 Total points awarded For each situation below, state whether it is an example of the income effect changing quantity demanded or an example of a change in income shifting demand. a. The mean income in Detroit rises and people purchase more homes. 5/5 [Change in income shifting demand | @ points awarded s c. Arecession forces many people out of work and more people purchase ramen noodles than before. b. The price of frozen pizza decreases, making frozen pizza more popular among college students. [Income effect changing quantity demanded | @ References |Change in income shifting demand] (] d. An increase in the price of game consoles decreases sales, as fewer people can afford them. [Income effect changing quantity demanded | @ % < Prey 8of 15 M Next > Help Exit