Essay in English

* Demand is defined as the ability and willingness to buy specific quantities of goods in a given period of time at a particular price , ceteries paribus . Assumption – ceteries paribus or all other things remain constant . * Refers to how much (quantity) of a product or service is desired by buyers. * Quantity demanded : amount a consumer or group of consumers is willing and able to buy at a given price. Law Of Demand When P Qdand PQd Supply Theory (SS) -Supply is the total quantities of a good that sellers are willing and able to sell at a alternative prices in a given time period , ceteries paribus .

-Represents how much the market can offer . -Quantity supplied : amount a producer or group of producers is willing and able to sell at a given price . Law Of Supply When P Qs and P Qs APPENDIX 1 STUDENTS / YOUTH RM 250 book voucher * When the goverment give a book voucher for students , the demand for books will increase. So that the demand curve will shift to the right from D0 to D1. The supply for the books will increase and the supply curve will shift to the right from S0 to S1.

The equilibrium point will change from e0 to e1. So the equlibrium price constant and the equilibrium quantity increase from Q0 to Q1 . PRICE S0 S1 P0 D1 D0 Q1 Q0 QUANTITY RM100 for all primary and secondary school * When the goverment gaves RM100 for all primary and secondary students. The demand for the school stuff such as uniform , stationary and shoes will increase. So the demand curve will shift to the right from Do to D1. The supply for school stuff will increase too. The supply curve will shift to the right from S0 to S1. The equilibrium point will change from e0 to e1.

The equilibrium price will constant P0 and the equilibrium quantity will increase from Q0 to Q1 . PRICE S0 S1 P0 D1 D0 Q1 Q0 QUANTITY LOW INCOME / CIVIL SERVANTS 50 % discount on KTM fares for malaysians with income of RM3,000 or less * When the goverment gives 50% discount on KTM fares for malaysians with income of RM3,000 or less , the demand for the tickets will increase. So that the demand curve will shift to the right from D0 to D1. The supply for the public transportation will decrease , so that the supply curve will shift to the left from S0 t S1.

The equilibrium point will change from e0 to e1. The equilibrium price will increase from P0 to P1. The equilibrium quantity will constant Q0. S1 PRICE S0 P1 P0 D1 D0 Q0 QUANTITY EAST MALAYSIANS 50% discount on ferry charges for all passengers -50% on ferry charges for all passengers. When 50% discount were given on ferry charges for all passengers , the demand for ticket of ferry will increase. So the demand curve will shift to the right from D0 to D1. The supply for the ferry will increase. So the supply curve will shift to the right from S0 to S1.

The equilibrium point will change from e0 to e1. The equilibrium price will constant P0 and the equilibrium quantity will increase from Q0 to Q1. PRICE S0 S1 P0 D1 D0 Q1 Q0 QUANTITY APPENDIX 2 The Advantage Of The Minimum Wage Rate Scheme * To improve the standard of living among the people, especially the poor and the needy in improving toward a better life, thus helping to reduce poverty. In addition, to attract people to work in institutions offering higher wages, thus helping to reduce unemployment. The Disadvantage Of The Minimum Wage Rate Scheme.

* Employers have to pay higher wages to workers while they cause employers Loss of having to sustain the production of very high salaries among their employees. Matter will cause unemployment to increase as employers take their employees in the same quantity as would like to save some costs in financial companies, especially those in companies doing business on a smaller scale or a business start-up. Benefit From The Scheme * Individual * Advantage on the individual himself is their chance to advance themselves in the field of employment due to higher salaries to attract them to work while reducing the unemployment rate in malaysia.

* Family * Edge on the family is able to meet the needs of family members and also expenses for each month will be more perfect than this increment. * Community * Advantage to the community is able to reduce poverty in the country and the community can progress in the employment sector as least aspects unemployment. * Country * Advantage on the home front is, the country will become a developed country and can achieve our goal of zero poverty in the prime minister's call for Malaysians.