Q1: Explain the change in demand and represent the same graphically.

Also state three factors

responsible for the changes? 6Marks
Q2: Explain the effects of increase in income of the buyers of the good X on the demand of X. Use
diagram. 6Marks
Q3: Explain the law of demand and the reasons behind it? 4Marks
Q4: Explain with the help of the diagram the effect of the following changes on the demand of a
commodity:
i) A rise in the price of the complementary goods
ii) A rise in the income of the buyer 4Marks
Q5: Explain the geometric method of measuring price elasticity of demand of the commodity?
4Marks
Q6: Explain graphically the various degrees of price elasticity of demand? 4Marks
Q7: Explain the geometric method of measuring price elasticity of supply? 4Marks
Q8: Explain the factors affecting price elasticity of demand ? 4Marks
Q9: Explain briefly the following determinants of supply?
i) Increase in price of inputs
ii) Decrease in tax on the product
iii) Technological changes 6Marks
Q10: Explain the effect of the change in government policy on supply of the good ? 4Marks
Ill give question for numerical in tuition only