QUESTION 2 (a) Draw a basic demand and supply graph. (4) (b) On the graph you drew in (a) above illustrate what would ha

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answerhappygod
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QUESTION 2 (a) Draw a basic demand and supply graph. (4) (b) On the graph you drew in (a) above illustrate what would ha

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QUESTION 2
(a) Draw a basic demand and supply graph. (4)
(b) On the graph you drew in (a) above illustrate what would happenif there was an increase in demand for ice-cream. (3)
(c) Illustrate what would happen if there was an increase in theprice of labour as a factor of production for the manufacturing ofice-creams. (3)
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