Q1. What are the impacts of demand? What happens to the demand curve when each of these determinants changes? Distinguish between a change in demand and a change in the quantity demanded noting causes for each.
Q2. Explain how does development of personal computer hardware and software reversed some of the trends brought on by the industrial revolution?
Q3. Distinguish among a supply function and a supply curve. What is the difference between a change in the quantity supplied and a shift in the supply curve?