Which of the following best explains diseconomies of scale? Increase in output causes the
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2024
The table below shows the supply and demand schedule for apples. Use it to answer question 17
Price ($)
Quantity demanded
Quantity supplied
10
50
25
20
35
35
30
20
45
40
5
55
At what pri…
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2024
Minimum price legislation is used to protect the interests of
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2024
The negative slope of the demand curve is best explained by
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2024
If the coefficient of price elasticity of supply of a commodity is 0.8, then supply is
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2024
Other things being equal, an increase in the demand for land in the short-run will cause an increase in the
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2024
The diagram above shows the demand for milk. Use it to answer questions this question.
If demand for postal services decline as a result of increased use of e-mails, then the two services are in
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The diagram above shows the demand for milk. Use it to answer questions this question.
The movement from point x to z might have been caused by
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2024
The law of demand will not hold when
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2024
If the quantity demanded of rice de- creased from 150 bags to 100 bags, the percentage change in quantity demanded is
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2024
When total revenue increases as price falls, the coefficient of price elasticity of demand is
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2024
Price elasticity of demand is the responsiveness of quantity demanded to a change in
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2024
If the budget on education is $50 m out of an annual national budget of $300 m. The sector of a pie chart representing education is
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A major feature of the socialist economic system is
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The pursuit of private profits is a feature of
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2024
Which of the following is not a feature of labour?
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2024
Points within a Production Possibilities Curve (PPC) indicate