The determinants of both demand and supply
Make the connection with the demand and the supply. > Use your own examples to present all possible variations of the determinants (both demand and supply); for example, if income increases, what happens to the demand? > More specifically, use figures to present the change in the determinant. > Present only the one case of the determinants; for example, if you present the determinant of income increase, you don’t have to present the opposite (decrease). > Give examples how the determinants of demand and supply affect the economic agents and their decisions. In doing so, have always in mind to analyze the behavior of economic agents and the impact on their economic decisions using problem solving techniques.
Sample Solution
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