Time left 2:53:54 SHORT ANSWER QUESTIONS a). Explain what is the distinct difference between quantity demanded and quantity supplied. Please provide suitable examples to support your response (5 marks). b) Economists often refer to three basic economic questions. What are they, who should really ask them and what is the relevance of those questions? (7 marks). c). When a firm hired its tenth worker, its factory output increased by four units per month. Would you expect the firm's output to increase by eight more units per month if the firm hired two more workers? Explain. (7 marks) d). Describe the changes in at least two variables that will cause supply for a product to increase, shifting the supply curve down and to the right. (6 marks). All questions can be answered in the same text box, however, please label responses, for example (question a, question b etc.) WEX o HI De here to search