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What is exceptional supply curves
compute the opportunity cost
don''t tell, demonstrate statements
IMPLEMENTATION ISSUES: Infrastructure sector, especially economic infrastructure, projects are facing a variety of problems, which are to be addressed in order to realise the
factors that affects sthe volume of production in economy
explain how inflation could reduce the efficiency with which prices allocate resources.
QUESTION (a) "There is always an inverse relationship between price and quantity demanded of a good." Discuss. (b) Explain with appropriate diagram(s) the different factors
Discuss, using examples the economic consequences of a sudden monopolization of an industry that had been previously been competitive
(a) Name three types of government interventions and 3 economic factors affecting the business environment and with given example explain how these affect the business environment.
elasticity concept occupies a central place in policy formulation. Explain in details.
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