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Introduction To Micro Economics Question Paper

Introduction To Micro Economics 

Course:Bachelor Of Commerce

Institution: Jomo Kenyatta University Of Agriculture And Technology question papers

Exam Year:2012



HBC-INTRODUCTION TO MICRO ECONOMICS

ATTEMPT ALL QUESTIONS EXERCISE INTERNAL CHOICE

Q1. demand curves move upwards from left to right however these are exceptions and abnormal demand curves occur state this exceptions.

Q2. state the law of demand and 5 determinants of the law.

Q3. state the law of supply and draw to describe the law.

Q4. explain the concept of choice and explain how consumers and producers exercise the concept of choice.

Q5. discuss the advantages and disadvantages of free market economic system.






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