Question: Starting on demand curve D 1, explain the shift or change that would result from each of the following events: a. a decrease in income

Starting on demand curve D1, explain the shift or change that would result from each of the following events:

a. a decrease in income and the good is a normal good

b. a decrease in income and the good is an inferior good

c. a decrease in the price of a substitute good

d. an increase in the price of a complementary good

e. an increase in the price of the good

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