1. DRAW & EXPLAIN the current supply and demand curve for any given product
ex .draw the supply and demand for Apple Iphone.
2) DRAW & EXPLAIN at least 10 SEPERATE examples of various determinants that will effect Supply and any shift that occurs in the equilibrium - say what the determinant is, how it will affect supply or demand, and then draw the shift in supply or demand.
ex. Draw explain why wages might increase for their workers, how the supply curve shifts to the left, and how equilibrium changes.
3) DRAW & EXPLAIN at least 10 SEPERATE and NEW examples of various determinants that will effect Demand and any shift that occurs in the equilibrium - say what the determinant is, how it will affect supply or demand, and then draw the shift in supply or demand.
ex. Draw explain why demand might increase for their Iphones if Apple increases their prices, how the demand curve shifts to the right, and how equilibrium changes.