Your answer has to be more than five(5) sentences for each question based on researched facts and logical analysis to earn the full credit. Q1) Discuss the differences between the constant opportunity cost and the increasing opportunity cost in terms of Production Possibility Curve. ie.) the shapes of PPC and the main assumption behind these two. Q2) Discuss the differences between macroeconomics and microeconomics. Q3) Compare "Change in Demand " with " Change in Quantity demanded" . Discuss causes and shape of curve. Q4) At what price does Shortage and Surplus occur ? Once a market has shortage and Surplus, then what happens to the market price? Q5) If an increase in Demand is larger than an increase in Supply, discuss equilibrium price and output sales.
Your answer has to be more than five(5) sentences for each question based on researched facts and logical analysis to earn the full credit.
Q1) Discuss the differences between the constant
Q2) Discuss the differences between
Q3) Compare "Change in Demand " with " Change in Quantity demanded" . Discuss causes and shape of curve.
Q4) At what
Q5) If an increase in Demand is larger than an increase in Supply, discuss
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
