Question
A.Explain using a diagram what will happen to the market of good X. Suppose equilibrium price and quantity of a normal good X is $10
A.Explain using a diagram what will happen to the market of good X.Suppose equilibrium price and quantity of a normal good X is $10 and 2000 respectively.Now there is an increase in the income of the people.
B.Explain using a diagram what will happen to the market of Coca Cola.
Suppose coca cola has an equilibrium price of 12 taka and 100 units. Now suppose price of Pepsi (which is a substitute of Coca Cola) goes down.
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The World Economy Geography, Business, Development
Authors: Frederick P. Stutz, Barney Warf
6th edition
321722508, 321722507, 978-0321722508
