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This question has given me tough time including the drawing of a graph, please assist. Question 3 [21] 3.1. Draw a typical demand and supply

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This question has given me tough time including the drawing of a graph, please assist.

image text in transcribed
Question 3 [21] 3.1. Draw a typical demand and supply diagram that illustrates equilibrium. 3.2. Refer to the diagram and briefly explain what the difference is between a shift of the supply curve and a movement (or slide) along the supply curve. 3.3. Indicate four (4) factors of which the determinants/variables will cause a shift of the supply curve. 3.4. Indicate which single determinant/variable will cause a movement (or a slide) on the supply curve. 3.5. Briefly explain what a market shortage is. On the diagram that you have drawn for Question 3.1 (or by drawing a new diagram if you prefer), clearly indicate where a market shortage will be and illustrate what happens to price and quantity

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