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ECS1501-25-Y
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Which of the following is an example of an exchange in the factor market?
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In the simple circular flow model, how would an increase in business investment affect households?
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Households sell in the factor markets and purchase in the goods markets.
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This question is based on the following diagram.
At a price of R15, there would be a
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Which of the following events would cause the price of oranges to fall?
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If there is excess supply in the market, then the market cannot be in equilibrium.
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Equilibrium is a balanced situation where all opposite forces are balanced out.
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A market can only be in equilibrium if demand is equal to supply.
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