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1-Comment on the following graph .......5 marks Perfectly Elastic Perfectly Inelastic Demand Curve Demand Curve for Soybeans for Insulin DA 1.60 D3 Price ($ per

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1-Comment on the following graph .......5 marks Perfectly Elastic Perfectly Inelastic Demand Curve Demand Curve for Soybeans for Insulin DA 1.60 D3 Price ($ per tonnes) Price ($ per tonnes) 0 O 1000 Quantity Demanded Quantity Demanded (tonnes) (litres) 2-Calculate the elasticity using the traditional method if the quantity demanded was 7units when the price was 2 $ and it became 15 units when the price became $ 0.50 , discuss your results? -.......5 marks 3-Compare in brief between different types of market in any economy ?_.......5 marks

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