Reference no: EM132340307

In the market for portable power banks (a normal good), explain whether the following events would cause an increase or decrease in demand or an increase or decrease in the quantity demanded. Also explain what happens to the equilibrium quantity and the market clearing price.

A. There is an increase in the price of carry cases for portable power banks.

B. There is a decrease in the price of devices used to charge portable power banks

C. There is an increase in the number of consumers of portable power banks

D. A booming economy increases the income of the typical buyer of portable power banks

E. Consumers of portable power banks anticipate that the price of this good will decline in the future.