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Using a graph explain how this would impact on the market. Is this an example of scarcity or a shortage?Consider the case where the government raised the price so that exactly the same amount of quantity was bought by customers as allowed for under the water restriction scenario. Use a graph to explain the impact of the market. Is this an example of a scarcity or a shortage and explain any differences if any between a price rise and a restriction of consumption. 8. Watch the following video clip Cigarette: Tax hike and answer the following questions.

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Peripheral changes included moving the front steps from just ahead of the side tanks to in front of the sandboxes, and, as on the E22 class, positioning the spectacles higher on the weatherboards just under the eaves. The ten locos were fitted for passenger work with Westinghouse brakes, screw reverse, screw couplings, destination board brackets on the smokebox door and bunker, and steel 10 spoke balanced wheels with a 10 crank throw and straight brake pull rods. As usual the new locos were classified by the initial batch order number and designated R24. They were numbered 327 to 336, numerically following on from the last of the T18 class. The R24s were released to traffic between 18th March and 18th April and sent to relieve the final batch of T18s working passenger duties on the Enfield and Chingford lines. The T18s were demoted to shunting duties and stripped of their Westinghouse brake equipment which was immediately fitted to the second batch of ten R24s Order S24 numbered 337 to 346, already close to completion and originally intended for shunting duties. This second batch of passenger locos were handed over to the Running Department between 28th April and 14th May. With the loss of the S24 order to the passenger side, it fell to the next two batches to make up the required number of shunting and trip goods locomotives; as intimated above, Holden had already decided not to revisit the T18 design, and the R24 class became his new standard for both passenger and shunting tanks. Twenty new locos were ordered in two consecutive batches to order numbers A26 and B26 and given running numbers 397 to 416. Following on from his steel firebox experiments with the E22 class, Holden fitted the ten locos to order A26 with copper inner fireboxes and those to order B26 with steel inner fireboxes from new, and the two batches provided a useful comparison. The twenty locos were released to traffic between 18th November 1890 and 24th January 1891 and nos.

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