Answer the What I have learned and What I Can Do

What I Have Learned Answer the following questions on a separate sheet of paper. A. During the 4-month quarantine due to pandemic, which of the goods or services that you think you or your family has high in demand? Why? Explain in 3 to 5 sentences. B. In this pandemic, do you think supply creates its own demand? Take the case of face mask or face shield as your good. Explain in 3 to 5 sentences. What I Can Do A. Graph each of the following sets of numbers. Draw a line through the points. Use a separate sheet of paper. Set 1 Set 2 X Y X Y 5 0 40 2 10 10 30 3 15 20 20 4 20 30 10 5 25 40 0 Set 1 Set 2 B. In the following situations, you are asked to determine the effects of a given change in a determinant of demand or supply for product X upon (1) the demand for or supply of X, (2) the equilibrium of X and (3) the equilibrium quantity of X. Illustrate graphically and discuss your graph. Use a separate sheet of paper. 1. Marvels income increases, what will happen to the demand if product X is a normal good? 2. What will happen to the demand if there is an increase in the price of a Surf detergent powder that is a close substitute for product X? 3. Due to this pandemic, what will happen to the demand if there is a decrease in the number of consumers of product X