Draw a set of axes with the quantities of two goods, A and B, measured on the
Question:
a. An increase in the price of A, ceteris paribus
b. A decrease in the price of A, ceteris paribus
c. An increase in the price of B, ceteris paribus
d. A decrease in the price of B, ceteris paribus
e. An increase in income, ceteris paribus
f. A decrease in income, ceteris paribus
g. A 10% decrease in the price of both A and B, ceteris paribus.
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