Explain the effect of the following on market supply of a good: (i) Increase in input prices, (i) Redue in per unit tax.

Explain the effect of rise in the input prices on the supply of a good.

Explain how do the following influence supply of a good: (i) Taxes on production, (ii) Changes in prices of other goods.

Explain with the help of diagrams, the effect of the following changes on the demand of a commodity: (i) A rise in price of Substitute good. (ii) A rise in price of Complementary good.

Explain the chain of effects of excess supply of a good on its equilibrium price.

Market for a good is in equilibrium. What is the effect on equilibrium price and quantity if both market demand and market supply of a good increase in the same proportion. Use diagram.