Short answer questions:

Typed answers are preferable. Hand written answers should be legible.

13. Under what conditions do the law of demand not hold true? 2

14. Name only the factor that cannot cause a shift in the demand curve in markets for goods and services. 2

15. Explain briefly what the effect of a price ceiling is on the

(a) quantity demanded of housing and 2

(b) quantity supplied of housing. 2

(over please)