HI
i have an economics question and it seems to simple so i must be doing something wrong :s ... If u cld give me ur ans it would be much appreciated
Question
student enquires about subject x has fallen by 50% and 20% of students have withdrawn from the subject
If the fall does occur, unsing Demand and Supply analysis explain the impact on price , quantity and total revenue, If the Supply for the subject places is Perfectly Elastic?
Ur ans wld be of great help to ease my mind
Thanx
i have an economics question and it seems to simple so i must be doing something wrong :s ... If u cld give me ur ans it would be much appreciated
Question
student enquires about subject x has fallen by 50% and 20% of students have withdrawn from the subject
If the fall does occur, unsing Demand and Supply analysis explain the impact on price , quantity and total revenue, If the Supply for the subject places is Perfectly Elastic?
Ur ans wld be of great help to ease my mind
Thanx