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State the relationship between printers and printer ink

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For each of the following scenarios, show what happens to the demand, price, and quantity of fidget spinners

a. New study finds that fidget spinners improve attention in the classroom

b. The price of Rubik cubes decreases (assuming Rubik cube is a substitute good)

c. There is a recession and incomes fall (fidget spinner is a normal good)

2. Using an example explain and state the law of demand

3. Answer the following questions - a. State the relationship between printers and printer ink

b. Using appropriate diagrams, explain what happens to the market of printer ink when there is an increase in the price of printers

Reference no: EM133133413

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