Instructions: All the questions should be answered with a graph Graphs should be made in excel...

Instructions:

All the questions should be answered with a graph
Graphs should be made in excel and pasted in the word
Explanation must be handwritten not typed
The assignment should be very neatly done or else it will not be considered for evaluation.

Q1. Explain law of demand and Supply with two separate graphs.

Q2. What is Contraction and Expansion for Demand and Supply. Explain with a Demand schedule and graph.

Q3. Consider Product X is Car. With help of graph explain how demand of car will be affected by increase in the price of petrol.

Q4. Consider product X is Toyota car. Explain with a graph how the demand of Yaris car will be affected Increase in the Price of Majda car .

Q5. Differentiate between Price and Non price determinant supply. Explain the answer with help of Supply schedule and graphs.

Expert Solution

Rahul Sunny answered 1 year ago

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