Supply 30 60 90 120 5 0 150 i. Draw demand and supply using a graph. (5 marks) ii. Describe the situation if Price=1 Pri
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Supply 30 60 90 120 5 0 150 i. Draw demand and supply using a graph. (5 marks) ii. Describe the situation if Price=1 Pri
Supply 30 60 90 120 5 0 150 i. Draw demand and supply using a graph. (5 marks) ii. Describe the situation if Price=1 Price = 4 (6 marks) c. Explain the importance of the 'ceteris paribus' assumption in economic theory (3 marks) Price 0 1 2 3 Demand 100 80 60 40 20
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