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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 that will cause a shift in the supply curve.
(a) Elaborate on the different types and causes of inflation.
(b) Explain the different types of unemployment that exist.
(c) Can high inflation rate and high unemployment occur at the same time? Justify your answer.
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analyse the effect of an increase in the price of sim cards on the equilibrium price and equilibrium quantity of cellphones handsets
how economics useful for businesses
using 8 units of production resource to produce 10,000 c0ws by a farmer how many sheep could he have produced
WHAT STRATEGIES ARE SUGGESTED FROM THE CONVENTIONAL VIEW OF THE INDUSTRY LIFE CYCLE
Consider a Cournot duopoly. The market demand is p=190-q1-q2. Firm 1's marginal cost is 40, and firm 2's marginal cost is also 40. There are no fixed costs. A. Derive every fir
concep of ni
Problem: (a) What do you meant by the term "Outsourcing"? (b) Outsourcing services will be categorized into two groups namely Technology Services and Business Processes.
Why are countries that let people respond to the inborn profit motive better off than those countries that do not?
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