Assume a drought in the Great Plains reduces the
supply of wheat. Noting that wheat is a basic
ingredient in the production of bread and potatoes
are a consumer substitute for bread, we would
expect the price of wheat to:
rise, the supply of bread to incr
The market system:
this will prevent new firms from
entering the industry.
is not consistent with freedom of
choice in the long run.
such choices will result in full
employment of available resources.
effectively harnesses the incentives of
Both statements are positive.
The main function of the entrepreneur is to:
make routine pricing decisions.
Both statements are normative.
create market demand.
If we say th
Is there is difference in customer perception on online banking is compatible with their
lifestyle based on their income category?
Conduct this using SPSS.
Noted: Conducting data using SPSS will be show during presentation.
Step 1 : Identifying
QOESTION 1 (C)
Explain with reference the Contract Act 1950, relevant cases and examples, if any, the
elements of the doctrine of frustration.
When a contract is terminated, parties are free from responsibility and task arising from what