Question: what effect will each of the following have on the...
What effect will each of the following have on the demand for product B? Indicate how the demand side will change for each one.
a) Product B becomes more fashionable. b) The price of substitute product C falls. c) Income declines and product B is an inferior good. d) Consumers anticipate that the price of B will be lower in the near future. e) The price of complementary product D falls.