1. What insights on human nature may be gleaned from the law of supply and

demand?

1. Provided with the following demand and supply schedule of pork, plot a line graph showing the following(1 graph):
2. The demand and supply curve
3. Area of shortage
4. Area of surplus

Supply and Demand Schedule of Pork/Week

Price/kg.	Supply in kg.	Demand in kg.
160	100	900
180	300	700
200	500	500
220	700	300
240	900	100

1. Presuming prices remain constant, in 2 separate graphs illustrate and discussthe movement :
2. what happens to the demand curve if an across-the-board increase in salaries and wages is given by the government.
3. what happens to the supply curve if prices of raw materials used in production

are lessened because they are in season.