As income falls, the demand for normal goods ____ and the demand for inferior goods ____.

Esther wants to buy a used car from her neighbor, who quotes a price of $18,000. Esther negotiates with her neighbor and offers him $16,500 for the car. This is an example of ________

A) bilateral bargaining B) collective bargaining C) arbitration D) speculation

Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What does planned real saving equal when real disposable income equals $6,000?

A) -3,000 B) -1,200 C) 0 D) 7,200