Microeconomics Answers

Write an on "Importance of microeconomics in business decision making." in 400 words.

Write an essay on 'Describe the impact of the rise in income on normal and inferior goods.'

Discribe the factors that can effect demand and supply,what are there impacts on market equilibrium.

Why we have concave production possibility curve.explain detail.

Qd= 25000-2p

Qs= 10000-1p

Calculate the market equlibrium level of price and quantity for housing unit?

Calculate price elasticity of demand using point elasticity method when industry is in equlibrium?

Use a graph to illustrate and explain how an increase in the price of beef biltong will affect the supply of steak.you only need to draw and explain the graph for steak

The fact that the Malaysian government has intervened in the face mask market indicates that it has no

confidence that the market is good enough to allocate the face mask in an efficient manner. Do think the Malaysian government’s intervention is necessary or redundant? Justify your answer.

The fact that the Malaysian government has intervened in the face mask market indicates that it has no

confidence that the market is good enough to allocate the face mask in an efficient manner. Do think the Malaysian government’s intervention is necessary or redundant? Justify your answer.

Qd= 25000-2p

Qs= 10000-1p

Calculate the market equlibrium level of price and quantity for housing unit?

Given that Rhumbi's budget line is 25=1/4Qcake +Qtea and the price of tea is R10. What is the equilibrium price and demand?