Problem
What would happen to the equilibrium price and quantity exchanged in the following cases?
a. an increase in income and a decreasing price of a complement, for a normal good
b. a technological advance and lower input prices
c. an increase in the price of a substitute and an increase in income, for an inferior good
d. producers' expectations that prices will soon fall, and increasingly costly government regulations
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.