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Assume the market of an IPhone 12 Pro is in the equilibrium draw a correctly labeled graph of the market for IPhone 12 Pro labeling price and PE and QE at the equilibrium
How is Ghana positioned to increase the value of the cedis?
The failures of the international measures in addressing environmental problems
It is observed that investors from countries with higher GDP are interested in investing in countries with lower GDP.
1. What is the motivation for the investors to do so? (3)
2. What is the benefit for the countries with lower GDP? (3)
3. Do you think that countries with lower GDP will experience higher economic growth due to this? Explain your answer briefly
We know the GDP doesn’t measure real life factors like - crime rates, poverty, income distribution, the increase or decrease of leisure time, improvements in the quality of goods and/or the size of the underground economy. Other than GDP, what other three key statistics or facts would you use to better identify and measure a nation’s ‘standard of living?’
I.A decrease in aggregate demand but no change in aggregate supply.
ii.An increase in aggregate supply but no change in aggregate demand
iii.A decrease in aggregate supply.
iv.An decrease in both aggregate demand and aggregate supply
Price (Rs.) Demand (Units)
1000 5000
900 6000
825 6800
700 7500
550 8500
a. Draw the demand curve for the above table.
b. If the store decided to increase the price of its desktop computers from
$825 to $900, the stores sales will fall by how many computers?
c. Find out the elasticity at each demand point.
d. Is the price elasticity of demand elastic, unit elastic, or inelastic?
e. Will the store’s total revenue increase, decrease, or remain unchanged?
#339914 on Dec 2023