QUESTION 3

Ceteris paribus, use demand and supply analysis and graph(s); explain why the price of watermelon decreases in summer even though the demand for watermelon increases.

QUESTION 4

Ceteris Paribus, an increase in the demand for e-scooters, has resulted in the government imposing a tax on e-scooter suppliers. Use demand and supply analysis to graphically represent and explain the impact on price and quantity in the market for e-scooters. (HINT: there is more than one possibility to the changes in price and quantity).