1a . Using graphical illustrations explain the term supply and demand and present that factors affect each of them.

b, Explain the movement along the supply and demand curve.

c, using graphical illustrations, explain the market equilibrium.

2. Explain the types of market structure.

3. Using equation where necessary, define total physical product (TPP), average physical product (AVP) and marginal physical product (MPP)

b. Using the tpp, avp, MPP, explain the three stages of production while justifying your answer, what is the best stage for a farmer who wishes to produce watermelons.

4. Explain the factors of production.