Dear Tutor - kindly give me details answer by following the book but uniquely.

And also help me with drawing graphical presentation as well in the given question answer. And advise me also how present graph on word file for assignment submission.

Book References- Principles of Microeconomics 2e SENIOR CONTRIBUTING AUTHORS- STEVEN A. GREENLAW, UNIVERSITY OF MARY WASHINGTON DAVID SHAPIRO, PENNSYLVANIA STATE UNIVERSIT

Chapter 3 Read sections 3.1, 3.2, 3.3 and 3.4 - make sure you study the graphs and understand them. Homework: ? Describe the difference between Demand and Quantity demanded & Supply and Quantity supplied. ? Define equilibrium and the relationship between price and quantity at this point. ? List factors that cause shift in Demand. ? List factors that cause shift in Supply. ? Does the change in price have an impact on supply or quantity supplied? Explain. ? Define price ceiling and price floor. Give an example of price floor. If the market price is set above the price floor, what would be the impact? ? Explain and graphically show the law of demand and the law of supply

Principles of Microeconomics 2e SENIOR CONTRIBUTING AUTHORS STEVEN A. GREENLAW, UNIVERSITY OF MARY WASHINGTON DAVID SHAPIRO, PENNSYLVANIA STATE UNIVERSITY Based on the 2nd edition of Principles of Economics, Economics and the Economy, 2e by Timothy Taylor, published in 2011. openstax