INSTRUCTIONS TO STUDENTS
1. / This assignment contains only ONE (1) question that is set in the language of the printed module for the course.
2. Your assignment should be typed using 12 point Times New Roman font and 1.5 line spacing.
3. Your assignment should be between 2500 to 3000 words excluding references. The number of words should be shown at the end of your assignment. Do not copy the assignment question and instructions to your answer.
ASSIGNMENT QUESTION
PURPOSE
The purpose of the assignment is to assess learners understanding on the effects of an event to a commodity market equilibrium.
REQUIREMENT
Assuming fuel is one of the main input for many sectors. When a war breaks out in Country A, which is the main producer for fuel in the world, it causes fuel supply disruptions in the world. Discuss the market equilibrium for fuel and car after the war outbreak.
Following the war, the government of Country A would like to impose tax RMx on cars. Ilustrate and explain with graph for the car market due to the taxes (Assuming the elasticity demand for car is elastic). In your opinion, who will bear more of the taxes imposed-suppliers or consumers?
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EVALUATION
This assignment accounts for 40 % of the marks for the course mentioned and shall be assessed based on the Rubrics where provided in the Attachment .
PLAGIARISM: MARKS DEDUCTION
Warning: The submitted assignment will automatically undergo a similarity check. If plagiarism is detected, marks would be deducted as follows:
· Assignments with 10 - 30 % overlap with others: 20% deduction from the total marks scored.
· Assignments with more than 30% overlap with others : Zero mark would be given
