W e e k 3 – Assign m en t # 3
Explain what happens if
1. Dem and and supply increase but t he increase in supply is larger
2. Dem and and supply increase equally
3. Dem and and supply decrease but t he decrease in dem and is larger
4. Dem and increases, supply decreases but t he increase in dem and is lar ger
t han t he decrease in supply
5. Dem and decreases, supply increases but t he increase in supply is lar ger t han
t he decrease in dem and
( I t is im por t a n t t hat you draw t he diagram s on a sheet of paper first and t hen
work out t he answers)
Your answers are due at t he end of Week 4.
Explain what happens if
1. Dem and and supply increase but t he increase in supply is larger
2. Dem and and supply increase equally
3. Dem and and supply decrease but t he decrease in dem and is larger
4. Dem and increases, supply decreases but t he increase in dem and is lar ger
t han t he decrease in supply
5. Dem and decreases, supply increases but t he increase in supply is lar ger t han
t he decrease in dem and
( I t is im por t a n t t hat you draw t he diagram s on a sheet of paper first and t hen
work out t he answers)
Your answers are due at t he end of Week 4.
