examples.

Using demand and supply diagrams, show the effect of the following ehanges in the

market for Good $x_i$

a$)$ When the price of a complement to Good $x$ inereases,

b$)$ When the price of the alternative or substitute of good $x$ falls.

c$)$ Producers of Good $x$ adopt new efficient technology.

d$)$ When new firms producing Good $x$ enter the market.

e$)$ When price of Good $x$ falls.

In each case, explain the assumptions you are making about how the changes affeet

supply or demand. You have to think about whether we have a "movement" along or

"shift" in demand or supply curve. Please make sure you clearly label the craphs. You

must also draw the demand and supply eurves in one graph for each question.