Uneb uace economics paper one and two 2010

Posted on by Godwill Tetah

Uneb uace economics paper one and two 2010

SECTIONA
1. (a) (i) What is meant by the term elasticity of demand?
(ii)Mention any three factors which determine the elasticity of demand for a commodity
(b) (i)Distinguish between lateral integration and conglomerate integration of firms
(ii)Give any two conditions necessary for the success of lateral integration of firms

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