Other Economics Answers

The maize grown in Mphumalanga is used primarily to feed livestock. Suppose that the current "foot and mouth disease" scare were to lead to a significant drop in the size of cattle herds nationwide. What impact would you expect in the market for maize?

The market for good A (an inferior good) is in equilibrium. Then average household income increases and, simultaneously, new regulations from the Department of Health on the producers of good A add to production costs. As a result, the equilibrium price of good A will

Suppose we observe that the equilibrium price of a good has increased significantly in recent years, with little or no change in equilibrium quantity. The most likely explanation is that

Suppose the price of commodity X falls from N15 per kg to N10 per kg and the quantity demanded increases from 100 kg to 300 kg. Find the price elasticity of demand.

What factors determine the level and trends of income inequalities? 

What will the world look like after COVID-19 in Economics and Social? Give Your Opinion.

The equation for a straight line passing through two points can be determined without drawing a graph

[1] True

[2] False

Any straight line that runs from the third quadrant upwards (that is, ascends) from left to right has a_____

[1] Slope

[2] Positive slope

[3] Negative slope

[4] Interception

If you borrow money from the bank, the amount that you owe the bank is calculated includes:

[1]. Period and insurance

[2]. Insurance and interest

[3]. Period and interest

[4]. Interest and penalties

The interest is calculated using the following formula: I = Prt

Where P is:

[1] Period

[2] Penalty

[3] Principal debt

[4] Prime rate