What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show

  

What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change. Explain the difference between a normal good and an inferior good. Would your answers to question #7 change, depending on whether this good is a normal or inferior good? Why or why not? Present your analysis in Microsoft Excel format. Enter non-numerical responses in the same worksheet using textboxes.

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