ASS C 03 DEMAND AND SUPPLY

Chapter 3:

DEMAND AND SUPPLY – Assignments

Assignments for Macroeconomics Chapter 3

Assignment #1:  Define demand. State the law of demand. Draw a demand curve and give reasons for the validity of your graph.

Assignment #2: Define supply. State the law of supply. Draw a supply curve and give reasons for the validity of your graph.

Assignment #3: Draw demand and supply in a graph, and prove that their intersection is a stable equilibrium point. In the process define surplus and shortage.

Assignment #4: Distinguish between changes in quantity demanded and changes in demand. List and explain nonprice determinants of demand.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s