Macroeconomics

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econ-201_second_assignment.docx
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ASSIGNMENT -2

Q.1. what are the steps involved in analyzing the changes in the equilibrium of the market. Analyze the effects with an example of events on a market, which includes shift of both the demand curve and supply curve.

Q.2. what do you mean by tax incidence? What determines the tax incidence, Illustrate with the help of diagram?