Recent orders
Market Structure
How impact does the different types of market structure, have on supply and demand.
Pricing
What is the impact that supply and demand have on pricing?
Demand
Write explanatory notes on the following concepts”:
(a) Consumer sovereignty (4 marks)
(b) Cobweb model (4 marks)
(c) Marginal efficiency of capital (4 marks)
(d) Substitutes in production and substitutes in consumption (4 marks)
(e) Export-led growth (4 marks)
(Total: 20 marks)