ECON 2GG3 assignment

Requirement for all assignments:
A. The assignments can be written either alone or in a group (maximum fourstudents). If writing the assignments in a group, every group member’s full nameand student ID number must be clearly printed on the first page of the assignments.You are free to choose your group member and are free to change group duringthe semester. If writing the assignments in a group, each group can only submit onecopy of assignment.

1. No late assignments are accepted.
2. Pleaseclearlylabeltheaxes,curves,andequilibriumpointifthequestionasksyouto illustrate the answer in a graph. Marks will be deducted for unclear graph.