Answered step by step
Verified Expert Solution
Question
1 Approved Answer
SECTION B: TRUE/FALSE Questions (20 marks) This section contains 4 questions. You are required to answer all the FOUR questions. For each statement nominate either
SECTION B: TRUE/FALSE Questions (20 marks) This section contains 4 questions. You are required to answer all the FOUR questions. For each statement nominate either TRUE or FALSE. In about 75 words (i.e. one paragraph) explain why you think it's true or false. It is important that you use graphs where appropriate. Each question is worth 5 marks, i.e. 1 mark for correctly nominating true or false, 4 marks for your explanation and diagram Answers MUST be handwritten in paper. . Take a photo, scan and upload your answers at the end of the exam. Question 1 [5 marks] True or False: If supply and demand increases at the same time, price will decrease and quantity can increase, decrease or remains the same. Explain and illustrate. Question 2: [5 marks] True/False: When there is a drought, farmers total revenue will fall. Explain and Illustrate
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started