Below poverty line households are given cash grant by government every month for purchasing wheat, a normal good. Explain its effect on demand for wheat by these households. Use diagram.

What is 'excess demand' for a good in a market ? Explain its chain of effect on the market for that good. Use diagram.

Explain the effect of change in the price of a good on the budget line. Use diagrame

Market for a good is in equilibrium. There is an 'increase' in demand for this good. Explain the chain of effects of this change. Use diagram.

Market for good X is in equilibrium. Suppose price of its substitute good Y falls.. Explain its effect on equilibrium price and quantity of good X. Use diagram.

Production in an economy is below its potential due to unemployment, government starts employment generation schemes. Explain its effect using PPC.

The economy has reached the production capacity it has present. There is, however, goods scope for increasing the efficiency levels through promotion of education and training. Explain its effect . Use diagrame