A graph explanation, the third-week task in ECON 1002, sets one moved curve beside prose that names its cause and tells a shift apart from a movement along the other curve. Searches like "econ 1002 week 3 assignment example", "econ1002 week 3 sample" and "econ 1002 week 3 example" land here.
What a finished ECON 1002 Week 3 graph explanation looks like
The explanation fits on a page: one figure and three paragraphs. The figure shows the market for nightly short-term stays, with price on the vertical axis and nights booked on the horizontal, an original supply curve and a new one to its left, and a single demand curve that does not move. Both equilibria are marked and labeled. Paragraph one names the cause, the new rule that only a host's primary residence may be listed, and argues why it belongs to supply: it removes units at every price. Paragraph two follows the consequence along demand, explaining that visitors book fewer nights because the price rose, not because they want the city less. What the figure leaves out, including hotels absorbing some visitors, fills the final paragraph.
How a ECON 1002 Week 3 example is structured
Cause before consequence governs the order. The rule is described in the first paragraph and assigned to a curve with a reason, since that assignment is the decision the week exists to test; putting the price change first would invite the reader to guess the cause backward. The second paragraph works entirely on the demand curve that stayed put and uses the phrase quantity demanded deliberately, once, where the distinction matters most. Labels on the figure match the words in the text exactly, so a reader moving between them never has to translate. What the graph omits comes last, as a boundary, rather than being scattered through the analysis as hedges. Hotels, longer leases and visitor plans made months ahead each get a clause, which keeps the limits short and specific.
One figure, two equilibria
Price against nights booked, supply drawn twice, demand once. Both crossing points are labeled, so the size of the change can be read without the text.
A rule assigned to a curve
Limiting listings to primary residences removes units at every nightly rate, which is why the paper places it on supply rather than on demand.
Visitors sliding along demand
Fewer nights are booked because the rate rose; the paper uses quantity demanded here and explains why demand itself held still.
Words that match the labels
Every term in the prose appears on the figure in the same form, so no line of prose points at the wrong curve.
Left off the diagram
Hotels taking some visitors, and trips planned before the rule, are noted briefly as what a two-curve picture cannot show.
Where marks go in ECON 1002 Week 3
Instructors read the paragraph before the figure, and credit follows the sentence that assigns the rule to supply. Calling the drop in bookings a decrease in demand is the classic deduction here: the demand curve never moved, and a paper that says it did has described the diagram's result in the wrong vocabulary. Agreement between text and figure carries a second block of points, since prose and drawing that disagree leave the grader unsure which one the author believes. Labels are checked for both axes and both equilibria. The limits paragraph earns more than its length suggests when its limits are specific, hotels as a substitute rather than a phrase about other factors. Explanations that report the new price without a cause collect little analysis credit, however neat the drawing.
Get a ECON 1002 Week 3 example written to your instructions
Share the graph prompt and rubric, and if your section supplies a scenario or a figure, include it; the explanation then names the cause behind that curve, delivered in 24 to 48 hours, first one free. No council passed this rental rule, and the riverside city exists in the example alone.
ECON 1002 Week 3 questions, answered
How do I know whether an event shifts supply or demand?
The test is whose plans the event changes at every possible price. A rule removing rental units changes what hosts can offer, so it belongs to supply; a festival announcement changes how many nights visitors want, so it belongs to demand. The example states that reasoning in a sentence before touching the figure, the order graders find easiest to check. Some events touch both, and your prompt usually signals which one to follow.
Is a movement along the curve ever the main point?
Often it is the result a reader notices first, a higher rate for visitors, but it is never the cause. The example treats the movement along demand as the consequence of the supply shift and gives it a paragraph of its own. Explanations that describe only the movement leave out the reason the curve moved, and that missing reason is usually where your rubric's analysis points sit.
Can I draw the graph by hand and scan it?
Most sections accept hand-drawn figures if the axes, curves and equilibria are labeled and legible. The example's figure is simple enough to draw either way. What matters is that your labels match the words in the paragraph; a clean digital figure with different labels from the text loses more than a tidy sketch that agrees with it. Your section's formatting note settles the choice.