Get premium membership and access questions with answers, video lessons as well as revision papers.
Outward shift of supply curve causes fall in equilibrium price and increase in equilibrium quantity.
This is because outward shift represent increase in supply which lead exess supply hence to motivate consumers to consume more the price is reduce.As prices being reduce, it lerad a new equilibrium price and quantity which is much lower than the previous.
ZADOCK79 answered the question on May 12, 2018 at 08:42
- What are the disadvantages of sales promotion?(Solved)
What are the disadvantages of sales promotion?
Date posted: May 8, 2018. Answers (1)
- Outline advantages of sales promotion(Solved)
Outline advantages of sales promotion.
Date posted: May 8, 2018. Answers (1)
- Explain factors which determine choice of an advertising medium(Solved)
Explain factors which determine choice of an advertising medium.
Date posted: May 8, 2018. Answers (1)
- Explain factors that influence a product promotion(Solved)
Explain factors that influence a product promotion.
Date posted: May 8, 2018. Answers (1)
- Outline steps to be taken in order to maintain secrecy in an organization(Solved)
Outline steps to be taken in order to maintain secrecy in an organization.
Date posted: May 8, 2018. Answers (1)
- Outline Ways of Protecting Business Ideas(Solved)
Outline Ways of Protecting Business Ideas.
Date posted: May 8, 2018. Answers (1)
- Outline the purpose of pre-feasibility study (Market Research)(Solved)
Outline the purpose of pre-feasibility study (Market Research).
Date posted: May 8, 2018. Answers (1)
- Give characteristics of a good business idea(Solved)
Give characteristics of a good business idea.
Date posted: May 8, 2018. Answers (1)
- Explain the cultural factors inhibiting entrepreneurial development(Solved)
Explain the cultural factors inhibiting entrepreneurial development.
Date posted: May 8, 2018. Answers (1)
- What is the Importance of Entrepreneurship Culture?(Solved)
What is the Importance of Entrepreneurship Culture?
Date posted: May 8, 2018. Answers (1)
- Explain the economic, social and political factors affecting entrepreneurial development (Solved)
Explain the economic, social and political factors affecting entrepreneurial development
Date posted: May 8, 2018. Answers (1)
- Outline how the government of Kenya has planned to promote entrepreneurship(Solved)
Outline how the government of Kenya has planned to promote entrepreneurship.
Date posted: May 8, 2018. Answers (1)
- State five desirable characteristics of information.(Solved)
State five desirable characteristics of information.
Date posted: May 5, 2018. Answers (1)
- Explain five methods of written communication.(Solved)
Explain five methods of written communication.
Date posted: May 5, 2018. Answers (1)
- State five advantages and five disadvantages of face to face communication.(Solved)
State five advantages and five disadvantages of face to face communication.
Date posted: May 5, 2018. Answers (1)
- State six importance of communication to an organization.(Solved)
State six importance of communication to an organization.
Date posted: May 5, 2018. Answers (1)
- State four advantages and four disadvantages of written communication.(Solved)
State four advantages and four disadvantages of written communication.
Date posted: May 5, 2018. Answers (1)
- State the advantages and the disadvantages of audio-visual communication(Solved)
State the advantages and the disadvantages of audio-visual communication
Date posted: May 5, 2018. Answers (1)
- State four means of audio-visual communication.(Solved)
State four means of audio-visual communication.
Date posted: May 5, 2018. Answers (1)
- State seven barriers to communication.(Solved)
State seven barriers to communication.
Date posted: May 5, 2018. Answers (1)