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

market for Good X

and draw the graphs

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

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

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 ease, explain the assumptions you are making about how the changes affect

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 elearly label the crmphs$.$ You

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