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Question 1: Tourism is often seen as a way of generating income, particularly foreign exchange. The economic spin-off effects are viewed as the most important aspect of touris
law
draw the demand curve,when there is rise in the price of a product on the demand of the product
Explain welfare grants and subsidies
When is the price of a product demand determined? The price of a product is demand defined while the product is in fixed supply. This means that the price of the product is defin
Structure of benzene
Why narrowness of definition of a commodity may influence price elasticity of demand
Explain the difference between a change in quantity demanded and a change in demand. Change in quantity demanded" refers to movement with the demand curve. For instance, if th
How dose PPC help, illustrate the basic economic problem?
List two advantages of markets identified by the authors of the text. Markets can be a significant way of allocating resources. Markets include voluntary exchanges. Another b
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