Quelpr

Other parts of this question

  1. 1(a)Define the term 'opportunity cost'.[2 marks]
  2. 1(b)List THREE factors that firms must consider when determining what goods or services to produce.[3 marks]
  3. 1(d)With the aid of a diagram, discuss TWO effects of setting a price ceiling below the equilibrium price for rice.[6 marks]

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