Explain the effect of shift in demand on equilibrium price and quantity. Use diagram.

Explain the effect of shift in supply on equilibrium price and quantity. Use diagram.

Explain the effect of 'decrease' in demand on equilibrium price. Use diagram.

Market for good X is in equilibrium. Suppose price of its substitute good Y falls.. Explain its effect on equilibrium price and quantity of good X. Use diagram.

Explain the effect of simultaneous increases in both demand and supply on equilibrium price and quantity. Show on diagram a situation when there is no change in equilibrium price.

How is the equilibrium price and equilibrium quantity of a normal commodity affected by an increase in the income of its buyers? Explain with the help of a diagram. OR x is a normal good for its consumers. Their income increases. Explain its chain of effects on equlltbrium price, demand and supply of X. (use diagram)

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