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1. Draw a demand curve, and assume it is the demand curve for Fitbits. Clearly draw what would happen if consumer income fell. Assume Fitbits

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1. Draw a demand curve, and assume it is the demand curve for Fitbits. Clearly draw what would happen if consumer income fell. Assume Fitbits are a normal good. Use arrows andfor labels to clarify where necessary. 2. Draw supply and demand curves. Clearly draw and label an increase in supply. Clearly illustrate and label all equilibrium points, prices, and quantities. 3. Draw supply and demand curves. Assume that these are the supply and demand curves for Domino's pizza. Draw what happens on this graph when the price of Little Caesars pizza decreases. Domino's and Little Caesars are substitute goods. Clearly illustrate and label all equilibrium points, prices, and quantities. 4. A supply curve is given by 05 = 2 + 4P. Draw the supply curve. You don't have to draw to scale. Clearly show what happens on this supply curve when the price falls from $15 to $11. Label all appropriate points, as well as numerical values for prices and quantities. Include arrows to clarify

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