Activity 2. Explanatory Instructions: Explain the factors that affecting supply and demand. 1. Kim Pang lives in Pusok. She makes two kind of jewelry - cheap bracelets made of silver, and expensive rings made with gold and precious stones. Many people have enough money to buy the bracelets, but only a few people have enough money to buy the hngS Does she make more rings or bracelets? Why? 2. Kyaw Kyaw owns a chicken farm in Barangay Laysho. She sells eggs and meat from the chickens. Demand for eggs is high so she decides to buy 25% more chickens and produce more eggs. What happens to the amount of chicken meat she supplies? Why? 3. Eh Moo Ka Baw lives in a village in Nangka District. The villagers grow rice on the land near the village. Sometimes, soldiers from the New People's Army (NPA) come and destroy the crops or take them away. What happens to the supply of rice in the village? Why? 4. Cardo Dalisay lives in Humay-Humay. He is a farmer. He works on his farm with F wife and his three sons. Most months, Cardo Dalisay spends most of his money on swee for his grandchildren. In May, he decides to buy rubber boots for the rainy season. Do he spend more or less money on sweets in May? Why?

Activity 2. Explanatory Instructions: Explain the factors that affecting supply and demand. 1. Kim Pang lives in Pusok. She makes two kind of jewelry - cheap bracelets made of silver, and expensive rings made with gold and precious stones. Many people have enough money to buy the bracelets, but only a few people have enough money to buy the hngS Does she make more rings or bracelets? Why? 2. Kyaw Kyaw owns a chicken farm in Barangay Laysho. She sells eggs and meat from the chickens. Demand for eggs is high so she decides to buy 25% more chickens and produce more eggs. What happens to the amount of chicken meat she supplies? Why? 3. Eh Moo Ka Baw lives in a village in Nangka District. The villagers grow rice on the land near the village. Sometimes, soldiers from the New People's Army (NPA) come and destroy the crops or take them away. What happens to the supply of rice in the village? Why? 4. Cardo Dalisay lives in Humay-Humay. He is a farmer. He works on his farm with F wife and his three sons. Most months, Cardo Dalisay spends most of his money on swee for his grandchildren. In May, he decides to buy rubber boots for the rainy season. Do he spend more or less money on sweets in May? Why?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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