Get premium membership and access questions with answers, video lessons as well as revision papers.
This is a state of rest where the quantity of a commodity demanded is equal to the quantity supplied.
Faimus answered the question on January 16, 2019 at 18:53
- Highlight the characteristics of an oligopolistic market(Solved)
Highlight the characteristics of an oligopolistic market
Date posted: January 16, 2019. Answers (1)
- Examine the impacts of extra regional integration in Africa (Solved)
Prospects of extra regional integration in Africa
Date posted: January 15, 2019. Answers (1)
- Discuss the concept of factor pricing(Solved)
Discuss the concept of factor pricing.
Date posted: December 30, 2018. Answers (1)
- Ways through which the government could influence the allocation of resources in a free market economy(Solved)
Ways through which the government could influence the allocation of resources in a free market economy
Date posted: December 30, 2018. Answers (1)
- Distinguish between general and partial equilibrium.(Solved)
Distinguish between general and partial equilibrium.
Date posted: December 15, 2018. Answers (1)
- When is an economy said to have attained Pareto Optimality?(Solved)
When is an economy said to have attained Pareto Optimality?
Date posted: December 15, 2018. Answers (1)
- What is meant by externalities in general equilibrium?(Solved)
What is meant by externalities in general equilibrium?
Date posted: December 15, 2018. Answers (1)
- Describe the use of Edgeworth box in welfare economy(Solved)
Describe the use of Edgeworth box in welfare economy.
Date posted: December 15, 2018. Answers (1)
- What is marginal rate of substitution?(Solved)
What is marginal rate of substitution?
Date posted: December 13, 2018. Answers (1)
- What is a monopoly?(Solved)
What is a monopoly?
Date posted: December 11, 2018. Answers (1)
- Outline the contributions of Keynes to income output and employment(Solved)
Outline the contributions of Keynes to income output and employment.
Date posted: December 9, 2018. Answers (1)
- Discuss the free market economy and state the advantages and disadvantages of the economic system(Solved)
Discuss the free market economy and state the advantages and disadvantages of the economic system
Date posted: December 8, 2018. Answers (1)
- Discuss the traditional economy and state the advantages and disadvantages of the economic system(Solved)
Discuss the traditional economy and state the advantages and disadvantages of the economic system
Date posted: December 8, 2018. Answers (1)
- List the 4 main types of Economic systems(Solved)
List the 4 main types of Economic systems
Date posted: December 8, 2018. Answers (1)
- Name the functions of an Economic system(Solved)
Name the functions of an Economic system
Date posted: December 8, 2018. Answers (1)
- Explain the characteristics of Economic system(Solved)
Explain the characteristics of Economic system
Date posted: December 8, 2018. Answers (1)
- Name 5 characteristics of Economic system(Solved)
Name 5 characteristics of Economic system
Date posted: December 8, 2018. Answers (1)
- Define the term economic system(Solved)
Define the term economic system.
Date posted: December 8, 2018. Answers (1)
- Explain the two branches of Economics and give the difference between the two(Solved)
Explain the two branches of Economics and give the difference between the two
Date posted: December 8, 2018. Answers (1)
- Importance of studying Economics(Solved)
Importance of studying Economics
Date posted: December 8, 2018. Answers (1)