Demand and Supply
Completion requirements
Opened: Sunday, 29 March 2015, 12:00 AM
Due: Monday, 6 April 2015, 12:00 AM
Answer the following questions in about one or two pages
1. Explain the expansion and contraction in demand and shifts in demand.
2. Give the importance of elasticity of demand.
3. Explain the law of supply with a suitable diagram.
4. Write a note on Giffen Paradox?