Economics

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Economics: Market Demand-Questions and Answers Graded A+ Demand - ANSWER-The relationship between the price and quantity demanded for a good or service when other variables are held constant Quantity Demanded - ANSWER-base on the assumption that other variables remain constant or unchanged accept price Law of demand - ANSWER-states there is an inverse relationship between the price of a good or service and the quantity buyers purchase Demand schedule - ANSWER-is a table that lists the ...

detailed notes of circular flow of income.

Welcome to our comprehensive Class 12 Economics Notes series, focusing on Chapter 1: Indian Economy. This chapter serves as an introductory exploration into the economic landscape of India, providing students with a foundational understanding of key concepts, trends, and challenges shaping the Indian economy.

Question 2 Complete Mark 1.00 out of 1.00 Flag question Question text An economy that uses new technology moves along its PPC and incurs an opportunity cost. does not incur an opportunity cost because everyone can use new technology. has it’s PPC shift outward. has its PPC shift inward because more unemployment is created.

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COMMBINED QUESTIONS AND ANSWERS

ECS1501 EXPECTED QUESTIONS AND ANSWERS

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ECS2602 Assessment 3 Answers