Question: Answer the questions following this table: Each question carries one mark. Q.1) Suppose the demand schedule for Product A changes from D2 to D1 because

Answer the questions following this table: Each question carries one mark. Q.1) Suppose the demand schedule for Product A changes from D2 to D1 because the price of a related product, increases. Based on this, these two products are Q.2) If D1 and S1 represent the demand and supply schedules in a particular market, then what are the equilibriun that market? Q.3) If D2 and S1 represent the demand and supply schedules in a particular market, then what are the equilibriur that market? Q.4) Suppose that D1 and S1 are the prevailing demand and supply curves for a product. What is the new equilib if the supply schedule changes from S1 to S2 ? Q.5) Suppose the demand schedule for Product A changes from D1 to D2 because the price of a related product, increases. Based on this, these two products are

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