1.) Design a table of the demand and supply of honey.You need to put your own figures for the demand and supply schedule.Plot your points.

Draw the demand and supply curve in that same graph/sketch.

Point out where the equilibrium point is and where there is excess supply and excess demand.

2.) Discuss any 2 factors that could shift the demand curve out to the right.(explain)

3.) Discuss any 2 factors that could shift the supply curve in to the left.

4.) Discuss how a movement and a shift in demand curve happens.

5.) What does elasticity and inelasticity of demand mean.

6.) Discuss the 5 types of elasticity of demand.

7.) What is the law of demand and the law of supply.