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Can you please help me in demand and supply assignment. The following guidelines will assist you: Make the connection with the demand and the supply.

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Can you please help me in demand and supply assignment.

The following guidelines will assist you:

  • Make the connection with the demand and the supply.
  • Use your own examplesto presentall possible variations of the determinants(both demand and supply); for example, if income increases, what happens to the demand?
  • More specifically,use figures to present the changein the determinant.
  • Present only the one case of the determinants; for example, if you present the determinant of income increase, you don't have to present the opposite (decrease).
  • Give examples how the determinants of demand and supply affect the economic agents and their decisions. In doing so, have always in mind to analyse the behaviour of economic agents and the impact on their economic decisions using problem solving techniques.

At the end, my expectations are 12 figure examples.

  • 6 examples in demand (tastes, income, expectations, other goods: - substitutes - complements and number of buyers)
  • 6 example in supply (technology, factor costs, taxes and subsidies, expectations, other goods and number of seller)

Attached 4 pictures which are going to support you.

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Factors that Set Supply Behavior (Determinants of Supply) Technology - If any of these factors Factor Costs change, supply behavior changes. - This type of change is shown by shifting the supply curve. NUMber 0f sellers Increase in supply: Shift the curve gm. Taxes and subsidies Expectations Other goods Decrease in supply: shift the curve Le. Changing Supply (Shifting the Supply Curve) - Supply increases (shifts right) when; New technology lowers operating costs. Factor costs decrease. Taxes decrease or subsidies increase. Future prices are expected to rise. Price of alternative goods fall. Number of sellers increases. - Vice versa, and supply decreases (shifts left). Changing Demand (Shifting the Demand Curve) - Demand increases (shifts right) when Taste for the good increases. Income increases. Price of a substitute rises. Price of a complement falls. Future prices are expected to rise. Number of buyers increases. - Vice versa, and demand decreases (shifts left). Factors That Set Demand Behavior (Determinants of Demand) Tastes - If any of these factors Income change, demand behavior Expectations Changes. . Other goods: - A demand behaVIor . change is shown by SUbSt'tUtes shifting the demand curve. Complements . Increase In demand: Number Of buyers shift the curve gm. Decrease in demand: shift the curve

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