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Question 1. 1.) List and briefly explain the four participants who influence the flows of production, income and expenditure. 1.2) Draw a graph to show
Question 1. 1.) List and briefly explain the four participants who influence the flows of production, income and expenditure. 1.2) Draw a graph to show the difference between a change in quantity demanded, and a change in demand for a good. Explain what you have shown in the graph. 1.3) Briefly evaluate any five main factors that cause changes in supply. In your evaluation, use appropriate examples to clarify your answers.
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