Other Economics Answers

The demand and supply of imported lamb shown as below. Find the CONSUMER's surplus from the equilibrium point. *

P = 70 - 2Q

P = 10 + Q

where

P = price of lamb per kilogram (RM)

Q = quantity of lamb (kg)

Importance of agriculture on South African economy

esther sikale is a well known farmer from southern province of zambia farmers association to agree on to supply their farm onions and tomatoes .each farming season he gathers his fellow farmers to discuss on the best onion and tomato pricing model as a student of principals of economics,asses the above scenario and appropriately use the zambia statute to discuss the above behavioral economics.

esther sikale is a well known farmer from southern province of zambia farmers association to agree on to supply their farm onions and tomatoes each farming season he gathers his fellow farmers to discuss on the best onion and tomato pricing model as a student of principals of economics,asses the above scenario and appropriately use the zambia statute to discuss the above behavioral economics.

1. Brief note. Derive AD curve using IS-LM model and explain in words.

2. Brief note. Explain why long-run aggregate supply schedules are drawn vertically and short-run AS schedules are upward-sloping.

Suppose that an economy is in a recession, and assume that the IS curve is relatively flat. If you were to advice policymakers on which action to take to overcome the recession, what would be your recommendation? Show the results graphically with an explain.