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Differentiate between demand and quantity demanded. Differentiate between supply and quantity supplied. Give specific examples to illustrate what you are saying. 100-200 words each.
1. Law of Demand
2. Law of Supply
Which of the following graphs best demonstrates the law of demand?
a) Ib) IIc) IIId) IV
Which of the following graphs best demonstrates the law of supply?
Economists in the ministry of agriculture in kwale count
Draw the demand curve for x with Px on the vertical axis and x on the horizontal axis.
Discuss the differences between unemployment and underemployment and give examples of each. Include in your contribution the differences between fiscal and monetary policy and how each would be used to reduce high levels of unemployment.
How the marketing and economic approaches deal
The government imposes a fixed fee per year on each firm that operates in a competitive market. What happens to output, the optimal scale of a firm and price if there is free entry into the market?
1. a tariff levied as a certain amount per unit imported is known asa specific tariff.a counter tariff.a forgone
"I see that your shoes are ‘buy one, get one free - limit one free pair per customer.' Will you sell me one pair for half-price" The clerk answered, "I can't do that." When the customer started to leave the store, the clerk hastily offered,
A construction company is considering changing its depreciation from the MACRS method to the historical SL method for a general purpose hauling truck. The cost basis of the truck is $90,000, and the expected salvage value for depreciation purposes is..
Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car deal..
growth in national health spending closely tracked growth in nominal gross domestic product gdp in 2010 and 2011 and
Qd=160,000-2000P Qs = 40,000+2000P MEC=.0006Qs. Qd is the quantity lots of paper Qs is the quantity supplied and P is the price per lot of paper.
What is the total product function for Dimex? The average product function? The marginal product function?
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