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Effective in regulating economic activities

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Reference no: EM133250307

1. Discuss the factors influencing the (i) demand for, and (ii) supply of a good.

2. (a) Explain the concepts of Price Elasticity of Demand, Income Elasticity of Demand and Cross-Elasticity of Demand.

(b) Discuss the usefulness of these concepts to:- (i) hypermarket managers, and (ii) a government.

3. (a) To what extent can fiscal policy influence Aggregate Demand in an economy?

(b) " Monetary policy is always effective in regulating economic activities." Discuss.

Reference no: EM133250307

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