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In a perfectly competitive market,
A. each participant is too small to affect the market price.
B. there can be few or many buyers and sellers.
C. the price can be driven upward by suppliers holding back on goods and services.
D. government intervention is needed to ensure that prices are fair for consumers.
- A monopoly is a A. small group of producers with similar products.
- B. single seller of a product that has no close substitutes.
- C. large number of producers each with a small share of the total market output.
- D. single buyer of raw materials.
Harry Mole aged 44. During the current year of assessment, she earned a Salary of R350 000 and a dividend of R3 200. You are required to calculate the final tax liability.
What are the benefits Nigeria economy will gain in the propose ECO currency scale-through
explain 2 economics concept shown by a production possibility curve diagram
Ghana’s inflation is forecasted to be 10.2% over the coming year whilst that of South Africa is forecasted to be 6.5%. The current exchange rate between Ghana Cedi and the South African Rand is 0.32 ZAR per 1 GHS. a) How should we quote the exchange rate between Ghana Cedi and the South African Rand (ZAR) in a year’s time to avoid arbitrage? (5 marks) b) A Ghanaian company is importing goods worth ZAR 20m in a year’s time, how much GHS will the company require to import the goods? (5 marks) c) If the actual rate at the end of the year is 0.35 ZAR per 1GHS, what is the absolute forecast error for the forecast in (a)? (5 marks)
If supply is inelastic, will shifts in demand have a larger effect on equilibrium price or on quantity?
advice DUNA INCORPORATED on the most appropriate course(s) of action and the implications of any such actions
