Explain your answer and reconstruct the graph developed in question one to show

Explain your answer and reconstruct the graph developed in question one to show this change. Assume that incomes of the consumers in this market increase. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change. Assume that the number of sellers decreases in this market. 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? Submission Details: Present your analysis in Microsoft Excel format. Enter non-numerical responses in the same worksheet using textboxes. Submit to the Submissions Area by the due date assigned. All submissions must be original and all resources must be properly acknowledged.