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ESSAY: (Discuss thoroughly) 1. Is the law of demand absolute? Explain thoroughly (Template for answer: explain law of demand, then answer the question - please

ESSAY: (Discuss thoroughly)

1. Is the law of demand absolute? Explain thoroughly (Template for answer: explain law of demand, then answer the question - please be detailed - give examples to make your point) (Maximum of 20sentences, 10 points)

2. Identify and explain one factor that may cause the demand curve to change. Explanation of each factor should be done with a maximum of 10sentences only. (10 points)

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