Question 2b: There are increasing number of bankruptcies for builders in Country A, how would this affect the property market in the following? Ans: (3 marks or 0 mark)

Q2 bi). This would affect the supply or demand curve. (Highlight the correct answer).

Q2 bii). It will shift the above curve to the left or right. (Highlight the correct answer).

Q2 biii). the equilibrium price would rise or fall. (Highlight the correct answer).

Q2 biv). the equilibrium quantity would rise or fall. (Highlight the correct answer).

Question 2c: Country A has increased the number of migration intakes from 250000 to 300000, how would this affect the property market in the following? Ans: (3 marks or 0 mark)

Q2 ci). This would affect the supply curve or demand curve. (Highlight the correct answer).

Q2 cii). it will shift the above curve to the left or right. (Highlight the correct answer).

Q2 ciii). the equilibrium price would rise or fall. (Highlight the correct answer).

Q2 civ). the equilibrium quantity would rise or fall. (Highlight the correct answer).