Question 1

(a) Draw a demand and supply graph for the market for Dell notebook computers

[5 marks]

Question 1 Draw a demand and supply graph for the market for Dell notebook computers [5 marks] A news report is released about the negative health effects of using notebook computers. Consumers are concerned. Explain the effects on the market price and quantities of Dell notebook computers? 15 marks) c. More new brands of notebook computers are now available to consumers. Explain the effects on the market price and quantities of Dell notebook computers? [5 marks] New technology enables computers to be made at lower cost. Explain the effects on the market price and quantities of Dell notebook computers? [5 marks] Question 2 Assess the effects of Price ceiling [20 marks Price floor [20 marks] (Hint: Government policies and intervention) Question 3 tas Describe the main assumptions of perfect competition and monopoly [20 marks] b) Discuss the main features of oligopoly market 120 marks O