Hi, currently i'm taking an economics course (as an elective) and I am looking for help understanding and solving these questions. I have some knowledge of the concepts, but since I've never taken an economics course prior to this it is relatively new. I'm using a few reference books to get background as well as my own that I have. If you could also provide strategies to solve these type of questions that would be very helpful. Thanks for your help.

Practice Questions: Demand, Supply, and Market:

1.What effect will each of the following have on the demand for small automobiles such as the

Mini-Cooper and Fiat 500?

a. Small automobiles become more fashionable.

b. The price of large automobiles rises (with the price of small autos remaining the same).

c. Income declines and small autos are an inferior good.

d. Consumers anticipate that the price of small autos will greatly come down in the near

future.

e. The price of gasoline substantially drop

2. Suppose there are three buyers of candy in a market: Tex, Dex, and Rex. The market demand

and the individual demands of Tex, Dex, and Rex for candy are given in the table below.

a. Fill in the table for the missing values.

b. Which buyer demands the least at a price of $5? The most at a price of $7?

c. Which buyer's quantity demanded increases the most when the price is lowered from $7 to $6?

d. Which direction would the market demand curve shift if Tex withdrew from the market? What

if Dex doubled his purchases at each possible price?

e. Suppose that at a price of $6, the total quantity demanded increases from 19 to 38. Is this a

"change in the quantity demanded" or a "change in demand?