Other Economics Answers

Demand Review: (pick one in parentheses)

8) “Substitution effect” says that when prices drop like for the iPad substitute goods like the Galaxy Tab become relatively (cheaper/more expensive) and (more/fewer) iPads are bought.

Demand Review: (pick one)

7) The “income effect” says that when prices drop, consumers are (poorer/richer) and they buy (more/less). An increase in price means they are (poorer/richer) and they buy (more/less).

Demand Review : fill in the blank ; (pick one)

6) “Change in QD” means that there is (shift of the demand curve/movement along stable demand curve) as a result of a change in ______.

Demand Review: fill in the blank

5) Diminishing marginal utility - states that the ______ ______ we get from additional quantities of the product begins to ______.

Demand Review: fill in the blank

3) Demand Curve - graph showing the ______ ______ at each price.

4) Law of Demand - quantity demand of product varies ( intensely/ directly) with price.

Demand Review Pack: fill in the blank

1) Demand - the desire, ______, ________, & ______ to buy a product.

2) Demand Schedule - listing (table) showing the _______ ________ at each price.

support a person is selling goods to two different groups of people and the demand function for the first group is given as q1=18000-100p1. the demand function for the second group is q2=17000-100p2. the marginal cost of each group is $5.00. what is the profit if they cannot successfully segment the market for the two group of people? what will be the profit if taken successfully discriminate against 2 group of people? 

Discuss the expected impact and outcome of the Structural adjustment programs (SAPs) provided by the International Monetary Fund (IMF) and the World Bank (WB) in Third World countries with special reference to Zambia

*should be atleast a page long