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Economic problem of scarcity

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  1. Explain using a production possiblity curve (PPC) diagram, the economic problem of scarcity, choice and opportunity cost.
  2. Distinguish between the following: Change in demand and a change in quantity for laptops.
  3. Discuss ANY FIVE (5) factors that can affect the supply of laptops in your country?

Reference no: EM132317951

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