Question 4: ( 8 marks)

Identify which of the following would generate a decrease in the market demand for e-book readers, which are a normal good Explain your answer and draw a sketch of the market.

a. An increase in the price of downloadable apps used to enhance the e-book reading experience, which are complements

b. An increase in the number of consumers in the market for e-book readers

c. A decrease in the price of tablet devices, which are substitutes

d. A reduction in the incomes of consumers of e-book readers