Initial equilibrium position, Macroeconomics

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Determine on any market the effect of the following. Do each separately (on a separate graph) starting from an initial equilibrium position for each one.

1. increase in income

2. Decrease in the cost of production.

3. Increase in the price of a substitute good.

4. Increase in the price of a complementary good.

5. An increase in technology.

6. Increase in taste and preferences for the good.


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