ECON B7016: Explain Using Diagrams How The Forces Of Demand And Supply Establish Equilibrium In The Market: Economics & Society Assignment, DKIT, Ireland
| University | Dundalk Institute of Technology (DkIT) |
| Subject | ECON B7016: Economics & Society |
Question 1
(a) Explain, using diagrams, how the forces of demand and supply establish equilibrium in the market.
(b) Discuss the reasons why the price and quantity levels generated by the market mechanism may not be efficient or equitable.
Question 2
Draw and explain the implications of the Circular Flow of Incomes for a four-sector open economy.
Question 3
Describe in detail the following:
(a) Economic growth
(b) Price stability
Question 4
Examine the factors that contribute to variation across countries and over time in Government spending.
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