Uneb uace economics paper one and two 2013

Posted on by Godwill Tetah

Uneb uace economics paper one and two 2013

1. (a) (i) Define the term effective demand
(ii) Give any three factors that limit effective demand in an economy
(b) (i) Distinguish between producers, surplus and consumers surplus
(ii) Given that the market price of a commodity is Uganda Shs65,000, calculate the producer’s surplus in the table
below

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