Question: Problem One: Draw or describe the figure for every case: 1.An increase in wealth and x is an inferior good. 2.Price of MTC prepaid cards

Problem One: Draw or describe the figure for every case:

1.An increase in wealth and x is an inferior good.

2.Price of MTC prepaid cards increases, what is the effect on demand for Alfa prepaid cards?

3.Price of gasoline increases, what is the effect on demand and supply for cars graphically?

4.Price of mazout or diesel oil (factor of production) increases, show the effect on supply?

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