About ECO402 Assignment 1
ECO402 Assignment No 1 for Fall 2026 is from Microeconomics. It covers lesson 10: Review of Consumer Equilibrium, carries 10 marks and is due on VULMS by 11:59 pm on Wednesday 11 November 2026. You can request the solution from this page.
- Course
- ECO402 Microeconomics
- Assignment
- Assignment No 1
- Semester
- Fall 2026
- Lesson
- 10: Review of Consumer Equilibrium
- Total marks
- 10
- End date
- Wed 11 Nov, 11:59 pm
What ECO402 Assignment 1 asks
This assignment explores the dynamics of supply and demand for sugar in Pakistan. Students must perform calculations based on provided linear demand and supply functions to determine market outcomes at specific price levels. Additionally, the assignment requires analyzing how various economic situations shift the demand curve and impact the equilibrium price. Students will present their findings by completing two structured tables.
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1
Requirements-01
6 marksComplete Table-1 by calculating the quantity demanded and quantity supplied for sugar at price levels of Rs. 110, Rs. 120, and Rs. 130. You must also identify the market situation as either a surplus, shortage, or equilibrium for each price point. Use the provided formulas Qd = 1000 – 4P and Qs = 40 + 4P.
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2
Requirements-02
4 marksComplete Table-2 by analyzing three specific market situations for sugar. For each scenario, identify the direction of the demand curve shift and the resulting effect on the equilibrium price. You must determine the missing values for the shift direction or the price effect as indicated in the table.
- What to submit
- One MS-Word or Open Office file using Times New Roman or Arial font size 12 in black or blue colors.
- Topics covered
- Demand and supply analysis Market equilibrium Surplus and shortage Demand curve shifts Price determination
A summary of the assignment file, Fall 2026_ECO402_1.pdf. Download the file for the full wording before you start.
Lesson covered
The questions in this assignment come from this lesson. Read it in the ECO402 handout before you open the assignment file, then practise it with the MCQs and past papers.
Solution
The solution has not been added yet. Request it from the download box and it will be added to this page, usually within a day.
Before you submit on VULMS
- 1 Start on the questions in the assignment file now. The solution will be added to this page once it is written.
- 2 Write the final answer in your own words. VU checks assignments for copying, and copied work gets zero marks.
- 3 Save your answer in the file type the assignment file asks for, and name it with your student ID, for example BC260012345.
- 4 Open the file once more to check it is not empty or corrupted, then upload it on VULMS before 11:59 pm on Wed 11 Nov.
Questions about this assignment
When is ECO402 Assignment 1 due?
Wednesday 11 November 2026 at 11:59 pm. VULMS does not accept files after the deadline.
When will the solution be added?
Most solutions are up within a day of a request. Requests tell us which ones to write first, and 0 students have asked for this one so far.
Can I submit the solution as it is?
No. VU checks assignments for copying, and copied work gets zero marks. Use the solution to check your method, then write your own answer.
What file do I submit?
The assignment file says which file type to upload and lists any extra instructions from your instructor. Name the file with your student ID before you upload it on VULMS.