Note: Please hand write your answers on a sheet of paper and upload them to canvas. You may scan them or take a picture. Please make sure your writing is legible/readable and your images are clear. Alternatively, you may also type your answers however many of the questions require you to use illustrations to make your points. JPG OR PDF FILE FORMAT ONLY! i. Graph both the demand and supply curve together and identify the equilibrium price and quantity.ii. Define what an equilibrium represents. How do you know if a market is in equilibrium? Provide an example.iii. Graph both the demand and supply curve together. Graph and identify the impact of a price floor of $2.00. Explain what will happen to gasoline in this market.iv. Graph both the demand and supply curve together. Graph and identify the impact of a price floor of $1.20. Explain what will happen to gasoline in this market.v. Define what a price floor and price ceiling is? Provide an example of each.vi. Using your graph from part i., show graphically the impact of a shift in demand to the right. What will happen to the price and quantity?vii. Using your graph from part i., show graphically the impact of a shift in demand to the right and a shift in supply to the left (simultaneously). What will happen to the price and quantity? Note: Please hand write your answers on a sheet of paper and upload them to canvas. You may scan them or take a picture. Please make sure your writing is legible/readable and your images are clear. Alternatively, you may also type your answers however many of the questions require you to use illustrations to make your points. JPG OR PDF FILE FORMAT ONLY!
Deviant behaviour is always considered to be detrimental to…
Deviant behaviour is always considered to be detrimental to society.
What was one fear expressed by Anti-Federalists regarding th…
What was one fear expressed by Anti-Federalists regarding the diversity of religion tolerated by the Constitution?
When we watch other people’s behaviour and then model it, it…
When we watch other people’s behaviour and then model it, it is called indirect teaching.
Egocentrism is the attitude that one’s own culture is superi…
Egocentrism is the attitude that one’s own culture is superior and that other cultures are inferior in comparison.
Match the following Social Scientist to the description:
Match the following Social Scientist to the description:
The Boston Tea Party was a protest against British policies,…
The Boston Tea Party was a protest against British policies, including the granting of a monopoly on tea to:
The people, institutions and organizations that influence an…
The people, institutions and organizations that influence and guide us as we develop our personalities and learn appropriate and expected behaviours are called _________ __
As food production increased due to new agricultural techniq…
As food production increased due to new agricultural techniques, population increased and humans started forming groups other than just family groups.
Darwin said that those members of a species that had the mos…
Darwin said that those members of a species that had the most advantageous variations would survive while those who were weaker would die. (Like the giraffe with the longest neck survived and reproduced)_ He called this process: