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(3) Briefly discuss the difference between the fundamental economic problem and the fundamental economic questions that every society needs to address. How do these concepts

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(3) Briefly discuss the difference between the "fundamental economic problem" and the "fundamental economic questions" that every society needs to address. How do these concepts relate to the type of economic system a society operates? (#) (a) Explain how technology affects the amount of a commodity a supplier is willing to offer for sale in a market. (b) Assume the following demand and supply curves for a product : Qd = 40 - 2P. .(1) Qs = -10 +3P. ... .................. . (2 ) Graph these curves for 0

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