Refer to Exhibit 3-2. At a price of $15, there is a 40; shortage 90; surplus 40; surplus 20; shortage 20; surplus unit of good X.

Explain how the market demand curve for a ‘normal’ good will shift (i.e. left, right or noshift) in each of the following cases? What then will happen to the equilibrium price andquantity?(a) The price of a substitute good risesClick or tap here to enter text.(b) The price of a complementary good fallsClick or tap here to enter text.(c) The price of the good increasesClick or tap here to enter text.(d) Tastes shift away from the goodClick or tap here to enter text.(e) Personal income increases   with diagrams please

67) Jane has noticed that she used topay $2.75 for a hamburger and now she pays $3.0. Which of the following statements is TRUE? A) Jane will stop consuming hamburgers. B) The law of supply explains why the price of hamburgers has increased. C) The money price of hamburgers has increased. D) The relative price of hamburgers has increased compared to hotdogs. 86) Market supply is obtained by A) summing the amount demanded by individual consumers at various prices. B) the law of supply. C) observing how the supply curve shifts. D) summing the amount supplied by individual producers at various prices. 65) An increase in supply will occur when  A) the demand curve shifts upward to the right. B) the supply curve shifts downward to the right. C) the demand curve shifts downward to the left. D) the supply curve shifts upward to the left.

When does a consumer buy more quantity of a commodity at a given price? give three points.