Which of the following statements represents a correct and sequentially accurate economic explanation? Question 8 options: 1) Goods X and Y are complements. The price of X falls, the quantity demanded of X rises, and the demand for Y falls. 2) Goods X and Y are substitutes. The price of X rises, the demand for X falls, and the demand for Y rises. 3) Goods X and Y are substitutes. The price of X falls, the quantity demanded of X rises, and the demand for Y rises. 4) Goods X and Y are substitutes. The price of X falls, the quantity demanded of X rises, and the demand for Y falls. 5) Goods X and Y are substitutes. The price of X falls, the demand for X rises, and the quantity demanded of Y rises.