Business, 07.11.2020 14:00 Kaylaonfleek0956

In each of the following situations, list what will happen to the equilibrium price and the equilibrium quantity for a particular product, which is an inferior good. DRAW THEGRAPHS a. The population decreases and productivity increases

b. Income increases and the price of inputs increase

c. The number of firms in the market decreases and income decreases

d. Consumer preference decreases and the price of a complement increases

e. The price of a substitute in consumption increases and the price of a substitute in production increases

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