(a)
Refer to the given supply and
Determine the shift or shifts in supply or demand could move the
(b)
Refer to the given supply and demand graph:
Determine the change in graph keeping E as the initial equilibrium point, if both the decrease in price of substitute in production and increase in income occurred, if it is a normal good
(c)
Refer to the given supply and demand graph:
Determine change keeping E as the equilibrium point, if both an increase in price of an input and advance technology occurred.
(d)
Refer to the given supply and demand graph:
Determine the point that would be quantity supplied and quantity demanded if the
(e)
Refer to the given supply and demand graph:
Determine the point tend to be the quantity supplied and quantity demanded if
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