BBM102/03 Microeconomics – Ko Eng Ghee

Must Draw a demand and supply graph for the market in the assignmentAcademic Session 2022January 2022 Semester ASSIGNMENTBBM102/03 Microeconomics   INSTRUCTIONS TO CANDIDATES: This assignment is the alternative assessment to replace the proctored examination.Answer ALL questions.You are allowed a maximum of one (1) attempt to submit your assignment.The assignment will be made available from 21st March 2022, Monday (00:00) until 6th April 2022 (23:59). Completed assignment must be submitted by 6th April 2022 (23:59).Copyright © 2022 WOUQuestion 1Draw a demand and supply graph for the market for Dell notebook computers [5 marks]A news report is released about the negative health effects of using notebook computers. Consumers are concerned. Explain the effects on the market price and quantities of Dell notebook computers? [5 marks]More new brands of notebook computers are now available to consumers. Explain the effects on the market price and quantities of Dell notebook computers?[5 marks]New technology enables computers to be made at lower cost. Explain the effects on the market price and quantities of Dell notebook computers? [5 marks]Question 2Assess the effects of Price ceiling [20 marks] Price floor [20 marks](Hint: Government policies and intervention)Question 3Describe the main assumptions of perfect competition and monopoly [20 marks]Discuss the main features of oligopoly market [20 marks]

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