Microeconomics

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
5 60 55 70
10 50 50 65
15 40 45 60
20 40 30 55
25 20 35 50
30 10 30 45
35 5 25 40

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
5 5 25 70
10 10 30 65
15 20 35 60
20 55 40 30
25 40 45 50
30 50 50 45
35 60 55 40

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 :
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
(increases & decreases)

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