Help with Economics Essay. (1 Viewer)

[icesta1]

Its a pre-lim exam and I have no idea what diagram to use for this essay a little help would be nice thanks

The essay question is:
Discuss the factors which cause changes in supply and demand. Explain the concept of price elasticity of demand and its relevance to producers and governments.

I'm thinking of using Extension and contraction of demand and supply (2) Increase and decrease in Demand and Supply (2) and the dynamics of market equilibrium (1) which leads up to 5 diagrams which seems a tad bit too much lol. Maybe I'm completely wrong with my diagrams I don't know so anyone tell me what diagrams to use? Thanks.

 

[twistedrebel]

you seem fine with the diagrams your using. Better to have more than not have any at all

 

[icesta1]

you seem fine with the diagrams your using. Better to have more than not have any at all

But the problem is, i have no diagrams for the price elasticity of demand as of now... >_<