1.Draw a diagram by means of a graphical analysis to explain the impact of a drought on the market for maize.

1.1. Draw a demand and supply graphs to illustrate equilibrium in the market for snoek. The quota snoek for the season is fixed by government on 100 tonnes for the season.

1.2. Draw the new supply function if 10 tonnes of the snoek are porridge and cannot be sold. What is the impact on total revenue in the industry of the change in the equilibrium price?

1.3. A minimum wage, set above the current equilibrium wage, is imposed on the motor industry. Use diagrams to explain the effect of the minimum wage on the price of cars.

1.4. Use a diagram to explain the effect of a minimum wage, set above the current wage, on the market for unskilled labour in the agricultural sector.

2.Define and draw a production possibility curve by using own practical application.

2.1. What will happen to this curve if the economy is expiriencing mass famine?

2.2. What will happen to this curve if many highly skilled labour's are leaving the country?