Show the effect on the demand curve

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Reference no: EM131166387

For each of the following changes, show the effect on the demand curve, and state what will happen to market equilibrium price and quantity in the short run.

a. Consumers expect that the price of the good will be higher in the future.

b. The price of a substitute good rises.

c. Consumer incomes fall, and the good is inferior.

d. A medical report is published showing that this good is hazardous to your health.

e. The price of the good rises.

Reference no: EM131166387

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