1. First ten Chapters

2. Draw and label a supply and demand curve for strawberries. (short term)

3.  Draw and label a supply and demand curve for chicken.

4.  Show the area of total revenue on the diagram.  Show what would happen if the government subsidised chicken.

5.  Identify two factors other than a change in price that would affect the demand for chicken.

6.  Show the formula for Price Elasticity of Demand.

7. To what extent is chicken a price elastic good. (6)

8. Income elasticity of Demand.  What is meant by income elasticity of demand?

9. With reference to examples, explain normal and inferior goods.

10. How is a knowledge of IED important for a chain of supermarkets? (4)

11.  Chicken is an agricultural good. To what extent do agricultural goods have a different price elasticity of supply compared to manufactured goods. (6)