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MOD003327 Economics For Business

tag 0 Download 12 Pages / 2,932 Words tag 02-02-2021

Question:

Supply and demand diagrams explain the relationship between supply, demand and price. Which is what this assignment is about.

Your assignment should explain what equilibrium is using a supply and demand diagram.

Your assignment should explain what leads to a change in demand.

Your assignment should explain what leads to a change in supply.

Your assignment should explain what impact these changes in supply and demand will have on price.

You should use supply and demand diagrams to illustrate the impact of changes in supply and demand upon price.

You should not provide numerical supply and demand schedules. You should not explain the impact that price has on demand and or supply as this theory is assumed.

While your assignment must include theory 20 marks of this assignment is awarded for applying supply and demand theory to the good the task is about.

LEARNING OUTCOMES

LO 1: Understand the language of economics

LO 2: Know the basic methodology and models used in this area and their application to real-life situations

LO 3: Demonstrate the ability to analyse hypothetical and / or real world situations that occur in our economy

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Total 12 pages

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[Accessed 08 February 2023].

My Assignment Help. 'MOD003327 Economics For Business' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/mod003327-economics-for-business/microeconomics-of-public-policy-analysis.html> accessed 08 February 2023.

My Assignment Help. MOD003327 Economics For Business [Internet]. My Assignment Help. 2021 [cited 08 February 2023]. Available from: https://myassignmenthelp.com/free-samples/mod003327-economics-for-business/microeconomics-of-public-policy-analysis.html.


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