Question: Section 1 Short Mower (4|) marks total) AnSwers should be briefly explained and illustrated, on the diagrams provided. Econ 2P23 Final Examination Sample Short Answer

Section 1 Short Mower (4|) marks total) AnSwers should be briefly explained and illustrated, on the diagrams provided. Econ 2P23 Final Examination Sample Short Answer Questions 1) Suppose the conSumer begins in equilibrium at en. If income and prices are unchanged. but conSumers develop a stronger preference for good X. show the new point of conSumer equilibrium and illustrate the effect on the demand curve for X on the diagrams below. (5 marks) Y PXn

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