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Scenarios for demand curves [demand increases or decreases! For each of the following changes, show the effect on the demand curve and equilibrium. 3. Consumers

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Scenarios for demand curves [demand increases or decreases! For each of the following changes, show the effect on the demand curve and equilibrium. 3. Consumers expect that the price of the good will be higher in the Jture. b. The price of a substitute good rises. c. Consumer incomes fall, and the good is normal. (1. Consumer incomes falL and the good is inferior. e. A medical report is published showing that this good is hazardous to your health

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