Explain the effect of the following situations:
a. Population growth surges rapidly.
b. The prices of resources used in the production of good X increase.
c. The government is paying a $1-per-unit subsidy for each unit of a good produced.
d. The incomes of consumers of normal good X increase.
e. The incomes of consumers of inferior good Y decrease.
f. Farmers are deciding what crop to plant and learn that the price of corn has fallen relative to the price of cotton
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