This document is an anonymous assignment for Microeconomics (ECON 1401) at New York City College of Technology, due October 16, 2019. It assesses students’ understanding of supply and demand principles.
This assignment is intended for students enrolled in the course who need to demonstrate their ability to apply economic concepts to problem-solving. It’s typically used as a graded exercise to reinforce learning from lectures and readings.
It’s important to note this assignment focuses on applying concepts, not necessarily learning them for the first time. Students are expected to already understand the fundamentals of market equilibrium, surplus, shortage, and non-price determinants of supply and demand. This assignment does not provide introductory explanations of these concepts.
The full assignment includes two parts: a short answer section with questions relating to estimated pork demand and supply functions, and a multiple-choice section testing broader understanding of supply and demand determinants. This preview only describes the document’s structure and purpose; it does not contain the questions or answers.
