ECO100Y5 Study Guide - Midterm Guide: Demand Curve, Canter And Gallop, Structure Of Policy Debate

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26 May 2014
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ECO100Y5 Full Course Notes
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ECO100Y5 Full Course Notes
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Do not use red-coloured pen (this colour is reserved for the markers) and you cannot appeal any part. If you do not provide the correct tutorial #, then your test will be graded later. of your answer if it is done in pencil (except the diagram in question 2). You must show the step-by-step calculations in question 1 or a zero will be given. You must relate your explanation in question 2 to your diagram for full marks. Only put your answers in the designated page(s) or space. Do not separate any page from this test or a 10-mark penalty will be imposed. Suppose the supply curve for mobile phones can be expressed as and the demand curve for mobile phones can be expressed as where is the price of mobile phones and is the quantity of mobile phones. (43 marks) (a)