Use the above figure. Which graph depicts a normal good?

When marketing makes customers better informed about all firms in the market: a. demand curves for specific brands in the market are likely to become less elastic. b. each firm is likely to have less market power

c. firms are better able to foster stronger brand loyalty. d. the market power of individual firms is strengthened.

If the demand for alarm clocks decreases, the effect on the alarm clock job market will be to

A. Increase the demand for labor and increase equilibrium wages. B. Decrease the demand for labor and reduce equilibrium wages. C. Reduce the supply of labor and increase equilibrium wages. D. Have no impact on equilibrium wages.