business questions

With respect to each of the following changes, identify whether the demand curve will shift leftward or rightward.
a) An increase in income (the good under consideration is an inferior good)
b) A rise in the price of a complementary good
c) A fall in the price of a substitute good
d) A rise in the number of buyer Indicate how each of the following will affect the current supply (Increase supply or Decrease Supply) for personal computers. a) A rise in wage rates
b) An increase in the number of sellers of computers
c) A tax placed on the production of computers
d) A subsidy placed on the production of computers Requirements: concise

Prof. Angela

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