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2. Show graphically Relative Magnitudes of Changes in demand and supply. (2marks) a. When Change in supply is greater than demand what will be the
2. Show graphically Relative Magnitudes of Changes in demand and supply. (2marks) a. When Change in supply is greater than demand what will be the new price and quantity. b. When Change in supply is less than demand what will be the new price and quantity c. When supply and demand both increase, but increase in supply is greater than demand, what will be the impact on price and quantity? d. When supply and demand both increase, but increase in supply is less than demand, what will be the impact on price and quantity
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