ECO 100: MICROECONOMICS

ECO 100: MICROECONOMICS Mark Sheet (for instructor use only) Q No. CLOs Q Type Q Structure Max Score St Marks in Numbers St Marks in Words Q1 4,5 Knowledge, Understanding, Skills and Application Numerical 5 Total Mark 5% Total: 5 Total Score _______________ Total in words ______________ ECO 100 MICROECONOMICS – ASSIGNMENT To be submitted: 30th – OCT - 2015 Instructions:- 1. Activity is individual 2. Plagiarism of any means will be report and will lead to reduction of weight age. Max. Marks: 5. Q.1 = Using the data below: A= Find out the Quantity demanded by the Market B= Draw the Demand Curve for each Buyers P QD1 QD2 QD3 QDM 1 60 2 50 3 40 4 30 5 20 6 10 7 5 Q.2 = Using the data below: A= Find out the Quantity Supplied by the Market B= Draw the Supply Curve for each Suppliers P QS1 QS2 QS3 QSM 1 5 2 10 3 20 4 30 5 40 6 50 7 60 Q.3 = Using the data from Q.1 & Q.2 above: Draw the market demand and the market supply curves and show the equilibrium between the demand and supply . Q. 4 = Show with the help of diagrams the effects of the changes either in demand or in supply on the market equilibrium , mentioning the reasons and the result of the changing . 1) – A change in demand (decrease & increase) with no change in supply. 2) - A change in Supply (decrease & increase) with no change in demand. 3) - A change in demand and supply moves in the same direction (increases & decreases) 4) - A change in demand and supply moves in the opposite direction. 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