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- Explain the circumstances under which price control is considered necessary.(Solved)
Explain the circumstances under which price control is considered necessary.
Date posted: February 4, 2019. Answers (1)
- Give the meaning of the term "Price Control"(Solved)
Give the meaning of the term "Price Control"
Date posted: February 4, 2019. Answers (1)
- Using the following demand and supply functions of a commodity x,
Qd = 100 - 2P
Qs = 40 + 4P
use diagrams to illustrate and explain the...(Solved)
Using the following demand and supply functions of a commodity x,
Qd = 100 - 2P
Qs = 40 + 4P
use diagrams to illustrate and explain the effects on the values from:
1. A fall in price of x's substitute
2. A simultaneous increase in input prices and a rise in the consumer's income
Ceteris paribus.
Date posted: February 4, 2019. Answers (1)
- Using the following demand and supply functions of a commodity x, compute the equilibrium price and
quantity.
Qd = 100 - 2P
Qs = 40 + 4P(Solved)
Using the following demand and supply functions of a commodity x, compute the equilibrium price and
quantity.
Qd = 100 - 2P
Qs = 40 + 4P
Date posted: February 4, 2019. Answers (1)
- Write short notes on Market Equilibrium.(Solved)
Write short notes on Market Equilibrium.
Date posted: February 4, 2019. Answers (1)
- The table below shows the demand and supply schedules for a product.
Required:
Plot the demand and supply curves and determine the equilibrium price and quantity(Solved)
The table below shows the demand and supply schedules for a product.
Required:
Plot the demand and supply curves and determine the equilibrium price and quantity
Date posted: February 4, 2019. Answers (1)
- State and briefly explain any four main factors that may cause a fall in the supply of a good in the
market.(Solved)
State and briefly explain any four main factors that may cause a fall in the supply of a good in the
market.
Date posted: February 4, 2019. Answers (1)
- Clearly explain the distinction between supply, demand and equilibrium price.(Solved)
Clearly explain the distinction between supply, demand and equilibrium price.
Date posted: February 4, 2019. Answers (1)
- What factors limit consumer sovereignty?(Solved)
What factors limit consumer sovereignty?
Date posted: February 4, 2019. Answers (1)
- Why is the consumer said to be sovereign?(Solved)
Why is the consumer said to be sovereign?
Date posted: February 4, 2019. Answers (1)
- Using specific examples, explain "Ceteris Paribus" as used in economics(Solved)
Using specific examples, explain „Ceteris Paribus‟ as used in economics
Date posted: February 4, 2019. Answers (1)
- Write short notes on Positive and normative economics(Solved)
Write short notes on Positive and normative economics.
Date posted: February 4, 2019. Answers (1)
- Write short notes on production possibility curve(Solved)
Write short notes on production possibility curve
Date posted: February 4, 2019. Answers (1)
- Write short notes on opportunity cost(Solved)
Write short notes on opportunity cost.
Date posted: February 4, 2019. Answers (1)
- Write short notes on Scarcity and Choice(Solved)
Write short notes on Scarcity and Choice.
Date posted: February 4, 2019. Answers (1)