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Question 1:
i) Elaborate on the different types of price discrimination that a monopolist may use and what are the required preconditions for its application?
ii) What determines the price elasticity of demand?
iii) How can businesses make use of the concept of cross price elasticity of demand?
iv) Explain using diagrams, how is consumer surplus related to the price elasticity of demand?
Question 2:
i) Elaborate on the different types of unemployment.
ii) Reducing occupational immobility of labour is the only way of decreasing the level of unemployment. Discuss
iii) Comment on the view that ‘GDP is not the best measure to evaluate economic growth and standard of living. Real GDP per capita is a better measure'.
(a) Describe clearly how the interest rate is determined in: (i) Loanable Funds Framework; and (ii) Liquidity Preference Framework. (b) According to Liquidity preference
Define structural isomers and its types Coordination compounds that having same compositions but the different bonding attachments. Types of structural isomers Hydration isomers
Strong Domestic Economy: We have to realise that healthy export sector can be built up only on a strong and efficient domestic economic structure. A sound domestic economy is
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International Monetary Fund: The International Monetary Fund (IMF), the World Bank and the International Trade Organisation were conceived at the Brettonwoods Conference in Ju
If the quantity demanded of Pepsi Cola goes up, and its supply enhances what will occur in the market for Pepsi?
Question 1: (a) Describe the different forms that foreign aid may take. (b) Does foreign aid lead to economic growth? Discuss. Question 2: (a) Distinguish between ec
What are the advantages of trade surplus
extenstion n contraction of demand curve
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
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