Question: Question 3: (5 marks) Use demand and supply analysis and draw demand and supply graphs for the following questions. What will happen to demand and/or
Question 3: (5 marks)
Use demand and supply analysis and draw demand and supply graphs for the following questions. What will happen to demand and/or supply in each of the following cases?
3.1 Studies have proven that eating more green vegetables is good for your health. What will happen to the demand and/or supply for green vegetables. (2 marks)
3.2 The price of Cadbury chocolates has increased from R10 to R15. The quantity demanded for Cadbury decreased from 10 units to 5 units. What would happen to the demand and/or supply of Nestle Chocolates. Is Nestle and Cadbury substitutes or complimentary products? (3 marks)
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