Examine the effect of: (a) Fall in the own price of good X, and (b) Rise in tax rate on good X, on supply curve. Use diagrams.

Examine the effect of (a) fall in the own price of good X and (b) rise in tax rate one good X on the supply curve. Use diagrams.

Explain the effect of change in the price of a good on the budget line. Use diagrame

If due to fall in the price of good X, demand for good Y rises, the two goods are :

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

Explain the effect of the following on budget line : (a) Fall in price of good shown on the x-axis and (b) Rise in the price of the good shown on the Y-axis.