CHAPTER 2

DEMAND AND SUPPLY ANALYSIS

QUESTION 1

Explain four (4) determinants of demand.

i. ________________________________________
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ii. ________________________________________
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iii. ________________________________________
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iv. ________________________________________
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QUESTION 2

Explain four (4) non-price determinants of supply

i. ______________________________________
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ii. ______________________________________
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iii. ______________________________________
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iv. ______________________________________
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QUESTION 3

Differentiate between changes in quantity demanded and changes in demanded.

Changes in Quantity Demand Changes in demand

QUESTION 4

Differentiate between changes in quantity supplied and changes in supplied.

Changes in Quantity Supply Changes in Supply

QUESTION 5

State the following situation either will lead to extension of demand/supply, contraction of
demand/supply, the demand/supply curve shifts rightward or the demand/supply
curve shifts leftward. Given the change that occurs are for the market of laptop (Acer) in
Terengganu, show the changes by using a diagram.

Situation Effect Diagram

Fall in price of laptop (Asus)

Increase in consumer’s
salary

Decrease in price of
electronic components use to
produce laptop (Acer)
Advancement in technology
to produce laptop

Increase in number of
populations in Terengganu

Consumer expect that price

of laptop (Acer) will decrease
in future

Wages of labor in production

of laptop (Acer) increase