Note: 1. Handwritten assignment need to be submitted. 2. All questions are compulsory. 3. Viva will be conducted at the time of submission. (1.1. The price of Gold increases. Will this affect the demand and supply for Gold? How? (1.2. What the determinants of Supply? (1.3. Explain the marginal rate of substitution using indifference curve approach. (1.4. Suppose the price of a commodity 'x' is given as Rs.8 and the MU for 4 units is mentioned in below table. Consider 1 MU=1 Rs.: Find the consumer's equilibrium and when will the consumer stop consuming the units