Need help with my economics homework! please!!?

Posted on 2014-04-15 11:36:00 in Economics by SHROUG

so i've got this homework that is due tomorrow... and really, economics is not my strong suit..



it is of two parts, and for the life of me i don't get a single thing of it..

i would be eternally grateful to whoever can help me with it!



so here they are:





Q1) Why is “what to produce” a problem in every economy. Discuss with an appropriate scenario or examples.



Q2) What is supply curve? Draw a supply curve that shows relationship between price and quantity supplied. What are the factors which cause shifts in the supply curve? Explain these using appropriate diagrams.





thank you in advance!..

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