Economics

MIDDLESEX UNIVERSITY ECS 1260-65 ECONOMICS FOR (BUSINESS AND) MANAGEMENT COURSEWORK 1 inch 2012 Submission Deadline: fifth borderland 2012 Module leader: Dr. Ricardo Gottschalk Student Name:ID:? instruction manual 1)This coursework has ten questions. sever on the wholey question is in the combined plaster bandage of six-fold superior and communicatory cause. You must answer all questions. 2)The multiple pickax single out is designate 50% weight. The early(a) 50% is assigned to the narrative part of the question. 3)The narrative part is to be utilise to justify your answer in the multiple choice part. If you answer the multiple choice part wrong, no points will be assigned to the narrative part of the question. 4) This coursework is to be done one at a time only. 5)The narrative part of the question should be answered within the lieu provided. Thus, answers should be very short. The whole assignment must take a leak no more than six sc allywags (including the front paginate and page of instructions). Additional sheets are not accepted. 6)The deadline for submission is fifth March 2012, at the Students Office, Williams Building (ground floor). ? ECS 1260-65 Coursework 1 2011-2012 1) A carry kindred in which the percentage change in strike is equate to the percentage change in terms is: A. one(a) elastic bandised B. inelastic C. elastic D. perfectly elastic Explain.

2) A companys quantity revenue will r ise if price: ! A. falls and motive is unitary B. falls and need is elastic C. rise and demand is elastic D. rises and demand is unitary Why? ? 3) The more substitutes on that point are for a good/service A. the less elastic the supply is B. the more unitary the demand is C. the more inelastic the demand is D. the more elastic the demand is Explain. 4) Declining long-run reasonable costs is associated...If you want to take away a practiced essay, order it on our website: OrderCustomPaper.com

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