This TMA is an essay based on chapters 3, 4 and 5 of Economics and Economic Changes text book. It is marked out of 100 and is worth 20% of the overall assessment component. This TMA requires you to apply the course concepts to your own experience and to discuss the economic implications of such an application.

This TMA requires you to write a structured essay of no more than 1200 words, in which you attempt to answer the following question:

Use demand and supply graph to explain and discuss the factors affecting the demand of and supply for mobile phone in the country you are living in.