In a certain market, the demand for peach was given as QD = 400 -3P, the first day of marketing in 2020, in August 2020, the demand for peach is now given as QD = 200 -3P. From the statement above tell in one sentence the change in demand; what did you consider as the indicator? Write down any five factors responsible for the change in demand. Support your answers by sketching the equations above on the same graph. CR,10 Marks b) Describe the equilibrium condition of a consumer who consumes Kenkey and fish when faced with a given income and relative prices of the goods. Starting from equilibrium, how would the consumer respond to: i. A rise in the price of kenkey? ii. A fall in the price of fish?

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In a certain market, the demand for peach was given as QD = 400 -3P, the first
day of marketing in 2020, in August 2020, the demand for peach is now given
as QD = 200 -3P. From the statement above tell in one sentence the change in
demand; what did you consider as the indicator? Write down any five factors
responsible for the change in demand. Support your answers by sketching the
equations above on the same graph. CR,10 Marks
b)
Describe the equilibrium condition of a consumer who consumes Kenkey
and fish when faced with a given income and relative prices of the goods.
Starting from equilibrium, how would the consumer respond to:
i. A rise in the price of kenkey?
ii. A fall in the price of fish?

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