Introduction To Micro Economics Question Paper
Introduction To Micro Economics
Course:Bachelor Of Commerce
Institution: Jomo Kenyatta University Of Agriculture And Technology question papers
Exam Year:2012
HBC-INTRODUCTION TO MICRO ECONOMICS
ATTEMPT ALL QUESTIONS EXERCISE INTERNAL CHOICE
Q1. demand curves move upwards from left to right however these are exceptions and abnormal demand curves occur state this exceptions.
Q2. state the law of demand and 5 determinants of the law.
Q3. state the law of supply and draw to describe the law.
Q4. explain the concept of choice and explain how consumers and producers exercise the concept of choice.
Q5. discuss the advantages and disadvantages of free market economic system.
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