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Module 1
- Draw a graph of the demand curve for a normal good like noodles
- Suppose income increases, will consumers buy more noodles; explain
- Why can we not get enough of organic food and products? Why is organic food more expensive than their inorganic counterpart?
Module 2
- Technology and wage inequality – explain how the Information Technology revolution like computer and network affects low and high skilled workers and their wages?
- Is there anything wrong in raising minimum wages?
- Calculate the Price Elasticity of Demand using midpoint formula with the following details.
For an increase in price from ‘G’ to ‘H’, has the elasticity increases or decreased?
G = (Quantity) 1800, (Price) 120
H = (Quantity) 1600, (Price) 130