Question 4

A) Name a product that you purchase where you consider the price before you buy.Then name a product that you buy without closely examining the price.Explain why you consider the price for one product and not the other. (2 marks)

B)"The federal government in Ottawa moved many of its officesto new headquarters in other cities."How does this affect the demand for housing in Ottawa? What will happen to the equilibrium price? (2 marks)

C)"Winter is approaching". How does it affect the demand for winter tires and equilibrium price of winter tires? (2 marks)