Macroeconomics  © John Petroff Source: PEOI

Assignments for Macroeconomics Chapter 3

Assignment #1:
 Define demand. State the law of demand. Draw a demand curve
and give reasons for the validity of your graph.

Assignment #2:
Define supply. State the law of supply. Draw a supply curve
and give reasons for the validity of your graph.

Assignment #3:
Draw demand and supply in a graph, and prove that their
intersection is a stable equilibrium point. In the process
define surplus and shortage.

Assignment #4:
Distinguish between changes in quantity demanded and changes
in demand. List and explain nonprice determinants of demand.

Submit assignment

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