1. What are the economic reasons why the demand curve is downward sloping? 2. What are the economic reasons why the supply curve is upward sloping? 3. Samsung announced they will be having a sale on their phones. Explain what will happen to the market of Samsung phone case? 4. Explain why an imposition of minimum wage will lead to a disequilibrium situation? 5. Coca-Cola has been producing more advertisements to increase awareness about their products. Graph the effects of increased marketing and state the effects on quantity and price