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Assume the price of cigarettes increases by 50% due to a new law that raises the tax on
cigarettes. In the short run, PED for cigarettes is 0.3. By what percentage will the
quantity demanded fall following a 50% increase in the price?
A monopolist firm faces a demand with constant elasticity of -2. It has a constant marginal cosy of 20$ per unit and sets price to maximize profit. If marginal cost should increase 25%, would the price charged also rise by 25%?
Suppose there are three types of Apples A, B and C being sold and consumed. The demand and supply equations for each type are:
Da=20-2Pa+4Pb+Pc; Sa=4Pa-5; Db=10+3Pa-5Pb+2Pc ;Sb=3Pb-7;Dc=70+4Pa+2Pb-5Pc ;Sc=5Pc-16
Determine equilibrium prices and quantities using Cramer’s rule.
• Calculate the elasticity of demand for B with respect to prices of variety A, B and C and interpret the economic meaning of the results.
What is macroeconomics
LIST internal and external training courses that you could go on to develop your sales skills;
On the 3 December 2021, the new dawn government and IMF mission to Zambia reached a staff level agreement on a program under the IMF's extended credit facility that envisages provision of financial support of $1.4bn over the next three {3} years
Taking into account the anticipated IMF conditionalities what implications will such an agreement have on the general economic outlook of Zambia? [25 marks]
5.1 DESCRIBE the sales meeting that you had with the client. Specifically cover how you:
5.1.1 Engaged with social rituals;
5.1.2 Made sure the client knew the purpose of the meeting
5.1.3 Asked relevant questions (give a few examples of the questions you asked and why you asked them)
5.1.4 Noticed and read buying signals (give a few examples of what you noticed and how you read these);
5.1.5 Presented the appropriate features, advantages and benefits of the products/services;
5.1.6 Concluded the sale;
5.1.7 Gauged the client’s satisfaction with their purchase after the paper work was completed.
5.1.8 SUBMIT any documentary proof that you have concluded a sale of any banking product or service.
Suppose a country decreases government purchases by $100 billion. Suppose the multiplier is 1.5 and the economy’s real GDP is $5,000 billion.
a. In which direction will the aggregate demand curve shift and by how much?
b. Explain using a graph why the change in real GDP is likely to be smaller than the shift in the aggregate demand curve.
Q1)On the basis of following information(All figures are in Rs),
A. CURRNT ACCOUNT
Exports= 150
Imports= 200
Services= 25
Income= ‐20
Transfer= 35
B. CAPITAL ACCOUNT
External Assistance(net)= 100
External Commercial Borrowing(net)= 150
Short Term Credit= ‐5
Banking Capital(net)= 250
Foreign Investment(net)= 300
Other Flows(net)= 70
Find,
Trade Balance
Current Account Balance
Capital Account Balance
The demand and supply equations for a product are:
Qd= 300 — 6P and Qs= -40 + 6P.
Determine the market equilibrium and draw graphs.
Suppose that the government decides to impose a flat tax of 10% on each unit sold. Show that the price that consumers pay would be the same if the government imposed a tax of Rs. 1.70 per unit sold. Draw graphs and explain.
Also calculate the total revenue earned by sellers before and after the tax, the tax revenue raised by the government, changes in consumer and producers surplus, and deadweight loss
