ToPIC 1. ———__ Basic Economie Problem: | Choice and the Allocation of Resources Learning outcomes Candidates should be able to: % + dofine the nature of the economic problem (finite resourees and unlimited wants) + dofine the factors of production (land, labour, capital, enterprise) + define opportunity cost and analyse particular circumstances to illustrate the concept eurves can be used to illustrate * demonstrate how production possi choiee and resource allocation + evaluate the implications of particular courses of action in terms of ‘opportunity cost< 1.1Eonne tr ee, Cen py at a © the pace made fm te anne ur tity ———— rere nL ae Desiuescen tec Seateltyy Choice and Opportunity Cost — re tt PAPER] _ ‘Web he pose Malle Choice Questions tel wont 2 ind wre hv may: © sana, tua DER wes © eg + ah eels 1. comtracn comps areling Wha be pty ct ate ‘worry, mal tee Serine toed evmy andl Wap ncaa te pan See enon er tt eerie i ne % ra sing the ion ein ey Wraith one Ae ing ‘na A mmo nae omits i et {patarast: {© ret hewn, =e ae Ota sa ret D oor ars xm i D th rn hat shoe 2 mention of rs warrva ie ‘orrialr— mamtary rey 2 Aperanet ene send mee ein tit rh $108 Te x's rc ie ene pte > chitin ten ive ‘pan wih nome. 2 tte rar dei wt ‘toons tid ty Wath prt hee 1 te res al ited 48, mds op mas —— Sebosmer ea on ee tee ue nore inate rus and int) mans tnd seat A mei Sn = Wat the pri ote — © Smo sive Infage oad tind © gyre ot ina) oy D speasaton 1 thd ting cin usorrvay Seite emH7011 4g wae tbe nai pen ne a oes 1A bee tain pr is vidya sae ‘the et of preci ing A Wick comamie quo Hear AAA ee eae “= eo paige 1A Tora lw produ? Bey tbe cs ‘elec en tare De es ofthe pret ef B tow dll we pra? © the extent to which comes ‘Wh i he opty at hie oa an ee pecieme oh mim > toaatcr | ae pe 1p wey ut tarrves° prams tare Ce era te oo eee © tntetinemes —* Sathrenat ‘lage cam padace ssi all ts Soy cope ree a a 1D the wages ofthe farm workers ieited wants sr ee tae } tunity cst to ei “oween public and peat sectors | nd ts [ding wt ees 1 Which cvaamie change old © bow vbaaoe soln wate Se os Race tert eer = = ee 2 “A a doereas in Ssh teks [Dao decide which methods to oe = i < Sat ‘ae to expt all resources =| 2) eee. ssieca a | 3 es ed i —————a Enian ing ‘tone rte at Oa od ptntyont TOME A © soe 2 Wate etme Thapar, Mn tepid Wn omenirmam | w ‘What isthe ream why wants are © epportanity cmt re rants with limited wage would be the eet of hi wry eat mms a: mnt termes 1 eet won pd © cnimied wants th teed em ite 1 Cieecamtratragh segs ai oo = Regn sl ome Sessa fe te nin Teme nan ormpeirin ot nn bn cen pt et auiruian © od tion poh and nervices by borinens, aa oe (D.The basic economic prs =o “ % Eom nts nasty” ei Dae te he Rol ay tt te ‘Soc resent ne smn ‘requirements of the jabs aval: a ‘emomie preblem, = 1B Ponty retin snge die Tinea mes i len 5.4 enon er a ge main imurvay > ie f a Papeete © Petal ce me ne aeeminmiea bio etme esas ve Denk b iety eed 0, ta oe Se eater toa a 1 acim aca dames be parse sg Me thn des oi only axing sare remus for men. i th at ern fr ch a 4 Sind toa verre ce Trish cme le: canbe se 1B ctrating enempermeat amd ny wi he cance eer ‘ahaa? © dete the bevel of govern pene D A The list profit would be $300. —_ 2 Fol et ah rt ee SOMSUARTpimysGarb tartm ee o Dee unter > Reset ont ‘mre € edheanty eed SESE ESS Rost anrse net Senran res et cama oe 2 miatettcecmic rat Thay riot © Teg tegen een are oi" 1 Aveta ars wid at die © Baa eine a ra meres SEEROEE TET tewearenteomemne a narod ya eeeekermeanes "EEL fats ramet 20, Wat te at cam oo ie grey ete suman eee eres nme ps es ‘this decie? ga. 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A an shasta of yong ioe le Dest tat anon > 2 oT? th aga. be fate of potion te anieran 17h ee bw emer in ‘eed inci Seapednta ‘Sy bowen 9 ood 10 cr ‘Wh att at hn ‘ses dra the pr erat? 1 Bnploymeat ia the primary ‘nde oes 3 opt mendey © Employment in the etary ‘slots sed, D Enpleyment in the etary led was tanh ayn nena, 1 he utters bow emplormce in "YF M@Answers ‘sede chanel (ry ewe 50 0 |e | cee | So | Si sotaune | ess | sues | femine | me | as | ‘ertag'o tient ohih inet Siaeret he erat 2 pracy sey © tee D taal sever, cet nh aly ere ‘Wat racial © aa fd eel pty eerie urree ‘2 Wich salem aa he facies Mann ere? Cal nde tri a epiiiewcraer han ‘ie nt an bre om | ye fn be improved by hom sseweas3s x4 1 ’ a2 porno LES $2tesndthaen priowing mtr rome sas races 1"), to 54 wren Yi temas apm mcarannes htm et he ten ca tamers Sas = ‘Capel nae. me What wl agen the ft rebate Sata eg ho ‘What anced in up ‘arena Ieee en Se ny semen aera in eel pre hich cars of proaton were Sine (A opal wd tere B trp and tr inraona = DP mtewrealy garrigat i ‘ita land eet See Siac oon Sirens ol t_| Seis sec er [wos be pain a apo] = | are | ae Serta nie | ter | on hoor B|_tet_|_ eerie Coo mo) == se a et \ t) na pens pn eit see | mt 2 cence LES | ee : OE ies mur 0 afer is it Po NAAT Aaa IOF ninerntaning 1pm rome 12. races) __ PAPER? ‘Siractwred Questions ‘Qeton 1 Sentinal pte ih ase ‘Spal shir tea emo (a) ele te ment yt ea of radeon w toa Seppe Setution ren at reel der nl tere. 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Lad ae ll ‘Stl rural pedi olf, ta ime ‘de Laur owe ana t= nh ata oe ys id og ye sd sve math sat ety et bh a, ‘uman Cpinraoanemne eva who poaeman ‘ther pds end evs ah ia, ri, empl, ewer ‘eps the weg dit War neta dn ‘actor bets Exponent alerts pen ‘stra eee at _rorie 12. pace: napaane estenet a Beomonyone Straten Sreaaca nt rises Sensigtif Tniabing Atesndtopan TOM AS PACE To Sg = ‘iene ad daca rns ‘tne tarde ed ne pion ro ny ASST STba feet nae ams lie on {as eta nd ds Taber re on fiat a yl ‘foe anal ol de lol on (Cig meen Sebo te er pain. 6 TTD: Sugg Station uation 6 ] (a) Tee are ours fier pon which ae n'a th rnd {erie ttt noi ro con cr ree ea mi ofa ronan ace ad Baas hans Serres toni seal (eaeesdcen pas tng ined Pe tar nd rayne bat rae bw spt tie reais eee ‘ce Laker amr epi rel ental pie it ‘ate nl enn the ar yan. w today wer inane are ters Th rn anrean Caria man men mpi on ‘Supp Station eae : Ener the it bering nd cin aking bint ero Prune ig drat oducts COMMENT MASHER ote ith ik ann iS coco od ‘Tr ror psn aisttnee ates sway mat Erne Bem sgl (0 ing me hay wl erat i th ane of mls pope Bg cmon cl eye i ay hc an an ae moe bes corte SHES Rent ee ros tsi down allot ore reo (ope = manmade recur ln pou min. ry ty ee Ener —th ou sd he sy un a pret rie ‘Tag a hes wil tnd img eet er ica fein occa oes pan sl alte as of prac, Sane ad et f resctyeeeny lb be ning ore wt ely eae a hy wl esi Te a ech ny Prt Ws ‘Fee toed wii hs en Mr tr SEEPS Sai tron aan sept tert Seer (nt er hand ton be tga a ing ohne il hare a, ‘Deni with ewe mpl, we fers prob, tt ny he ok yn ab es of ‘aver at ‘Pee of rtasion ll bere in oe ty tit [eee min eng oh, Sly ee a yee ye ings lt or These ca Segge Se ‘iol carte ante pore cing et tenet Trt ordi he emis eur ed bar cai nd COMMENT 9 SER yi Te bie oo bon pal ed in th pon ad eal sthcetenesuh ac teratar e ve s own t ft ned us offs a xt anid do ts ‘Stet Emre Carn surat ay an apie bg ‘se alee wl ue wat irs toro “rey aay htt Hel eb hoenoes 8 mae SF eeter tame tc eon athe one prin de indians ne Sie cele Guetion 9 Pca ae i ef roar ce The of ee ‘nro cpr o. || asennad erin fe Te my, “ot por a ea {ic er ft dia Sr eee ‘ds a ena {ee eel | sorption nur the aor redo termes he skin posi i fot tn ere nay gy ae tos ef prion het ‘Net dene those of oo eu of an ete prnedThe ect hated om suing aki thi tr of dui ee po) Vg J Aateantmicm rome zone BN ee king 13th Ce ron 13.,ace1 } GF mce Answers ——— Tore 1.8 [ee retain rena Carve PAPER] ‘Mallipfe Choico Questions 50RD DD 1 dn cemeny a prego 2 The aga sors hese Wha i th te Tate! cre oe sedi ene ngs en, cei ‘rng tom poe pn am 2 ean sl nies Eat TT : ; | Hu1 1.3. fet ci lain _-someracnaons UN AES © Acouney inprding a yin Nee 7. Th diagram shows ene padre MCaAnsmers 8 Tedinpam sbomnaprditan poe A $20 mca Answers {efron ane) pyr Sony ‘itycane ormcemomytncer $80 et ec rename ‘on betes ee ede ed ri eecrior scent. hae of arp ay =o Seem vp umaemmeer .avecenua ‘Semi lnee sawir08) iy ave fe mead ce me oh ° Sreaveton ko 2A eae nh poet ° 1 rg mr a phe ce ° © smal xahgne str) — Bad eter 3 pr hat rs D ninemsn weedeat eee svg meee) 10. Wht sie a mt 2th srenestold “eich iwelsaenesiye torn ect 5 te teamiin iy me sgn ht pe Sec Te |. Wabowe that a rine én demand that eam predace agricltural pred A. ccnmemien of seale - cea ‘sey Snes 2 cations pw cane Sm pec “aS 1 ew at ra > oer Spas snare fo Lies tri 7 1. he ag ome io LOS pane aS Sonics Se eer = > name tn dents Lassa 7 Sars a nmi zl = “ cere — se ; eer of ep lo aimed act ofan tanto aga ‘cactremieyees tend \ehtqo elle an nae Saydutanpiyeaved pot shtwadbetbe w at Sarearre dares? tee 8 me 1 a newomt ote potas A Pek B Pas ones nme Cann Dsua ‘hp ae ahha Bert of he tn ‘ara Sumntio iee pitied dare alain yy ti fe pron ‘saa etn yaaa Syme Dc ite prc, ‘aura{art ot Ee —— TOPIC 1.3 Production Possibility Curve PAPER2 ‘Siruclured Questions Qucton 1 yan os he eth ia of etn, The we oe {ie pin yy nae me an, myrnen Suerte Staton pert et sth set tr whe mohing a cso. 7 tt ‘The ea a reo sy rv tvs th le ftir et TEESE pecn soee nd wi ier on rerun ect ShSTuSSC url eal pene ened ben ‘Pipshn sec ered al mopar se ‘Seale lbw th dpm ving ne ‘Tramontng oe len the er i eatin 2 usar coe we dosing rh ares oe nn ‘iene Sut be clans ner move mle (0 tie ca ye one (0) ing prdtin pry ae gram ei wy ia SES iad ewe 7 ‘umraranen | const rece Soemoae twat sopomend ie ee tnt 9 299 a faa AAA 13a rome 13.2 pace 2 Suggs sation (0) Th omen ple a eri I nani ane xe Tel al renee (0A prataton jst ca aa eet ad er yn Opry cate et et sat eens APP sho {Bento apt nde cman le pc one nme al fon Fatty tienen ps sstenemenebses I atscte more eres a mag ome ede ha to afer tourer opal sata nr cmb he oe eae Sot casi pty tpg ety Uae | Sein aly tase cng mer ies Seda anal ea a ot my Seen tect Se yall ene ing paacin pity caren, ae wa lo none tn moar pao it bv m2 cm a) ‘esr Suggested Slaton Anite nb rant wi es epee hn ‘Neri ihe gst eave ey wii gale of re ‘Semon here ir nial conor gh Tv antesoted Thtniag apne ast Steante oo” y| 1a roreitae rang 31 AUBELEAS eerste heme tore rans TOPIC) Ques — > La ieee tee caricems nde neo eee caret ov | ‘The Allocation of Resources: | How The Market Works; Market Failure = he urement rt in Wel fn 82% March 208 be 3 Mah 21%, nwo na emo ho ue se A iehwerise wera sees atonal oon Sonar poe ood «Sas Roem cont Eo | tn produtin poy cre dg nae the ft de ‘crompgmant oe may pe ‘a Learning outsomes Candiats shold Ye ale te 1 dasrbe the allcaton of resources in masket and mixed canoe ‘prem; desert les primary, sendary and rie (eran) eo a an economy + demonszae the principle of equilibrium pie and analae simple market ‘Satine with ange a demand and supply + desert the causes a hang in demand and supply conditions and tate sch changes to shew ellos inthe markt ‘Sapte Staton ‘Shas ere swam he ene weld epoca pt {Sheth ae: Drsnate nonin mae ht we oe ftw enna Ts weal ve Ow sonny cnet he poco Fo {ly cane pin wih emer eg enw bg pod carole at 29902 fate Gaaniaes + eine price asticty of demand ad supply and perform sixle caesiains demonstrate the uefloes of price esti in partir situations such fe revenue changes, carsuner exendtre + evaute the merits ofthe maket sate deserve the eoncpt of mart flare and epi the reasons frie + ie private and sail cone and benefits and deus conti of. Intra n eatin tothe cot ad benefits ia the shor-erm and long term Ghaogh sts of the fllonng issues pi expenditure versus private expenditure a 42. te me —— TOPIC 2.1 Market and Mixed Be 9 ___PAPERL ulti Choice Questions vo, ah lc wo be 19999 atta ae? SERiywrmic whem nim ott i. © tie | 2 mere acrg) Wh ples om in este end ia 2 Comite hve cane! fom ey? eee cae ante ony aed ese ae oe ‘Spat tnd ance = Pe mB prev puerta etl © ratang Ds Lea \ Tnoesi@tr pi pert and ok Sore A Awematet sayinmie aly ich eshange end le | iv guest somamytccwour pan seule eau vor) 28 uty fice enor, pat can happen ia lane teagan cone * Dance | Soe == eee eee Se en Te mowed oe > aetna en ee erinses_*? Temata (© Thre can inti. D Teas inten ‘aoa 44 radhcouty f ther ea Coed ene Which eatnent abmat # sed [A Tae premmment ems mvt 1 The guernment vas all sor ive ed sony, nen ae ed sen lo 1h the ei of ene on the dein of em nt. Sonia cr do f (¢ Teper one iene: fhe eis of near poem im 1D The greramest prods pte Dts ef rec es (i Ser a gern tamer sacra, | ttl ern pen 1 harap and al © he bath pee ad pte oven Cos be make een ‘hp ro © gun eapymet 1D eea oa q dstatina ec 1 pri 20 at Sth ‘Why ies mined cena ugh (date nf ie ‘sino ey 2 el dept i id {ety teen ec lls eel ete © teen eres depot i ma oie wrens 1, What aa a of the se erie Ream 1 Fae ea il pn bre ‘hea Bow wil gb dc? 1 Hw wil ods be nse Wha a wil proud? P18) rome piorage? 10,0419 6 Ti ew te fap ole = > epee omni hese oor pire Sect bie xn. 2 si fi zy tne aleve eer © great tpn meuae 14. We pa of contains tnbelnd iss amet my? Sehgal ger oa nina umenannyore 21 Pn0e3 9a Aen ed en Sn roric2s races 41,4)" 2. Wayman be 2 i nerve 1. Wha aaa tree me coon? NA ade retin ‘Sep sor 2 Reva ihe ie © Teele ol rae ‘Smith pe ache Be ith ee pn ensrsi@ phe eat mae tn? 1A someone ho believes that Popes ele (one held baw fad of Tannen ‘Whats mie ey bt nwttncdfa fe mnt once? A Thavnenishn sf apictan, ‘onda sele 1 Thre a sare of ental Biv mand emer: (© Tar ne mie exer ch nd psa te Marna mae rps al expanse 1A Eyal tame cnr B Ines rst (© i ded ey frecrme ose Sects te nt kia ered ‘coma? are meine mig ‘soe wa aman 1 oreo gen = Mae rma wig lags el I i sae rela 1451444999999 9799979 2 el proramen luing e murias, 24, Mat wal note came 1A igh rie hand oe ‘ey eo pce oe 1 gh ere fr al town iste (lw pre carge ben of De lm pce cared ‘iia we ‘awyries eis a a ck cg meepbee {ede nos ne er2 nn nee rome 2» pace Asse TOPIC: 3:1 Market and Mixed Economic System __ PAPER? __ ‘Siructured Questions veto 1 {Ws hein en bene lite aya me ‘heed he we eam bodega") ‘Segoe sation (a A pend een en ih sat ‘esha pen hw te pee Etec ef end SySTeEAce es named sonora and nf eal ety SEUPi Taken As plumed enor be nT EGR ee Cat cwae nest he pene ‘SS a po to ecard bens (0) iat ean caine sermon lanng wih hn oh ie mah ‘cata ep ond a he re ec) an en elt peste Spe ee deci mathe EST SLSISE Np ome ae ty the perm no id {ithe tn enn pnatg doe ‘nisin te Tere oust ae e ta8 l Dat pr of ath ue re starve ten ‘op bt am he st both nor rnin kee See Ue erat mtn war nh a ah PETES Fata 20 999 eaaaay ome yl ek ba rg deta pc re ma esa Sopp Satin (9) Arca tom ia coon ten bh sc he i of Sead ‘in na ore ev gen ip ‘Tres ef ren nrvention neyo eal rane re tly neler song ms (0). kt se lates rvs way ht mts he ane ‘Seomoman al her pens eogh epee mechani ny ‘nae fo hy wb wing yy mae eo We cee ef prs he el re nar ahd Tan he Serf ean ol sealy etal ie Sree gson shen P61, iy Albee e iy ete bans pig etre on he markt en Thiatbes pester dogo Seis make ste rosie awe tary ts a sent eat met wnt Coseet cn SoS te an etn on ‘Scranton rove ma ten Sere Stn hte nl pl ome Ue lwet ey y orig tien Sn panting tien he mvs on oe pete ean Mahe ‘ee a pret norton al pment of med on ‘acu a yt ede ry in ie pare toprol pviog tem eee {shape in are dni te ere and ropes ‘keene proms danse on. eee hare ln a ik th he mart rs of ead ad ty yn lt ur ety ering mre are Te we Indi ofthe mat stn ae sues red el se (Bete on dt of Sc. Th al ts re Lntaing oes ‘rome 24» pace?2. Mant Ear rn onic 21.6 ace 3 es dean are eid i tien ation ‘Crorro Mater ere pron willy eae ee pha A tye cage Se frets fn ance Hames et Sn yc ia et hing vase at [Sic private rand nthe banner to red he Fo sth tn il a ee pl Ft ‘econ fara go rst, cum ae lig nd ‘Sse dage wale saptee Woven ras ld Se het ie rtm Soe my en het tees gate ete pong reac de mat ‘Sue te preter ae sere dato, be ‘lace rome tons peda Ge pepe og wd ce py ie wl not pode od hep wee wing bt se {ep bel nd sens nt ‘Gein 3 ot seg ate yh he rn he at te ite Menem nomad mask na uw seas SeagetedStation ‘SAMA cbse ee pay em {pone so a ol sm ek mn The ao ‘frou dnrane by pra mecha, sha sn ee ‘non On th hr hand med camer aon ot pat ei vn a etary ale ae ee ‘hae ramus ar come he permet tortie pls er ‘pals sh ns al nla mma eosin Dose wl s meat by el coun “ rasa Seapse Staton ‘Amie enon cries ath «ple ctr sd pt te Te ‘ub aero moe by ata ores wih ‘Eine posting aries andre oe bi oe Pe ‘eee the pate sae Spe emt snd rus oa 308 (rte prt indian hen oman se pees ger eee TTT TTF eataaay ANd carne ee Tone 28 ¢ Paces Aaa tone at armen 9 ANS uetin§ These pom et eee he wr hater pe icine 4 emey may ave (0) Conyre era altel ert ad mel eae rs ti (0 Dit wht yo ning arty wol er fhe mnt gaen ange ent nied os mace ‘ra et Saeed Station (2) Amt ene ston eon rds aes oat {ecto het te ws rom po i ear ‘Sy es ssl ee pot sition oY ateswnt nr ty matin Tsien ‘Pimp pein, tt ty rye eae «lterene OU es ar el ene pn, ncn we user ch ar ath nes mh ony, os ae ‘cur we arr ema yh emer pbe ‘en pose of al ele mia Th, oe 8 {pueda ct pense vohomat oa me emote Sort some am in dueng valence (0 Min cany eum ie age mes ht nny popes tne few pre sey snes ae ‘ah rae ony Ba nae niton e ‘ines Oe sri gti ier hark ne ee ‘EtSyspuithee pons re pte man hey ct ‘Seats yey ib who read eet ‘leauge fos pase ue men er mince ie These cdoaton peer nce ice ate pam tater oP 3 ice Slaatnfiors eeu att ht wil aoe yale ice anit ‘ya ne ama coy nu rt igre sfc Te waht ‘oan pts ode yd ands aly va ‘nu incr ht mot a eee ak Twat pnd nen are wr Mare he ‘retary epee Cnn, wether aa petal ‘ee ire tiie phat ume ne ON ‘Wino te fev ysl sot or Byrn ie ‘Synge th mare ees ra te aly ‘tir Maat ss ome ran a ipvenent ata peels oymaoaetoe a Semstare Sects‘Satter mre stem From levees ik ot th rl ee ee anton mae oe van opty eee er on tt sen ma eae sano coupon ae rt aconked 6 Sotae reco SECIS oh tre Ue re ESOL enti er in ws wnt pend ting camper iran fli em et wesc ten en ere sa any mate ~ he pe SECIS idee a pe SUT i ae te ry emt See ely to fee ame engl Fema gene ection 6 meat of ay ideas at hing iid tome {0 ei he se orion ce (3) ln why wel eer uy ey a id em ra tree | typ osc en io ‘onset ‘Sigg Slaton (a) The uns aa ee That pea 2 Hew pe Pere pou, ‘Ao a tS rone 21.0 ces tai fay rie he wih, "ie omic ot ties 1 2m gon rome rience 111A EY aie et Ae een Pere ieee ioe uemet emevoncrraas eraoera SET uae seein rao thc emer Serr enn Fn wha os xtra ett ara the "alee at eee : espero by pr eaten ase ‘nh yw Dae ant hsm co mn ea nc Duo tthe ene aon ts ening ee ar ried ety kt ad lene ii nt alatinn ese The pi om dts eernnret nosy bt reset at ae ken mae ‘evict, ements tres the pan oP sd ‘met po one ment a.= EELELLL LILIA CHEE 2.1 at Eo en rome 2scrace7 "0K" 220g Sahat onc 22 races 1" pea oe ae “Gf meaner uit TOPIC: 2.2 = Sth lig Boman gh rey ee Demand, Supply and Equilibrium ‘ements Pe ul ap De tect omen eae pope te Dt wedi pa cece Diem Aer afr 0 it cen ws un by 7 pareri’ ae ae tiple Choice Questions emcee 1A. ‘Tea and sugar are cornplmentary 4. The table shums the demand sched. A market esomy is an eceomy in which dacisies related to the alostion % eo? for aie ere eres Eee [meee Seewscecsee | o pete ane reeoearmeneraeres aaa : oogieeen sien | soca ee ee Been cee aterm | gamemornorales oes are : SoS aces cieeeen Eaeeee eae ple ae ‘Sok Thy cn ny her wage on iver rie a fe mart ee wer (es Sema ae ‘ste ale» muh enn tao od eal pn ‘cima hre a ere ee ome rl nh [Si yrekerdcmamned ont pei ne pomerdonned eer Wintmt ayer mer t© AT en il net tS =n, ‘erg Ts i ice Cow Th te cs mene ve sony hs nt ear td age sm |_ tte 1h rer of pd at Wat ha nr D the te of nse 18 st of averting the © Sng mtn > Santi nayERATED EDIIIIIIIIIISIIINS |e | te| 5 CEREAL DTI a ft #hana ‘oa EET TTI LyLuc eeae 22 nn pt ‘yore 22.5 race 2 alias vones2ences |"! is, sinned fra rari chm yh eit Inthe dean ae fom Dio Pu 2 qenton 1 “ eh (0 apn te ite ews an quiron panda ogi % = ‘Seay hein heen nine ih peeve rate cm prin the avkndarty as rdscedre e eae To a Sy rd ay geome, ‘Sats deen yf altace nthe tar a Seng cs ina aan ted in sod ween Ti eran tp ef oe (Cie ty him sila my ove fm to The ech {ied nm ner el span ane o ‘Seed Staton (An era iit reheat eaten cane a Sees dean gus hg 21 OP aie sop One te {elm Gy ae GSIIISSS IT LATTAATA SALAS i =! ution 2 1 hn Kl ares manage sl ps fad essen fin (0) 10pm wrap eh der rece osirgse) + negesendaty 4 (Fete pds ft ete etme ea el era ling soy pao be ores et wt le 2 at Pia) Pit) Selontpae rest S | (an pee by srs yn nr tn aa * benterir) a ee stern ae ge 1 monde Einmccteceanveniseen eaten ‘| rh ies Mer rur ina nant Gl grata ‘ " . icy cious a ce, J ql e SUrustieeld a banedar sant hice mers SONS INS EDTetu'h date are Maree eatin arene ° %Q Guntiyee 0 WE Qatiyat Socal Stree cnn ete Sate psy cat can a reat reatrrinking 3 aanmea nem eitymmin TOG BB #PIEES 4 aoe be tng ran ng igre ae aan ered alla bget crease Spee sadn gS Rema reece tea tom yond quanta te eed fo Feeney mma on Faeeeenlen nic on gmt nae eg Ree pen std ein hd Sut S pennare psiloc em Soc [— |Selewseertece meme stuworeet| reruns metas ey esa) | SSSTieTTaion at oped to sto ee 0 rar Ket ate |Eeeine terns “Sonata syria ty ‘DatSttneieme pr afc T SRESICS STEEN S patent oF ng 22 Kova mt Sree ens th deant fr onl ho eat pea Sow an pe te red che gail) ‘Stl Spend of 57 on ced fr ort xe es eens a ded bg wing et i repo a le tet lc ms an, ig and nd ty gam wt ly ogni Dante tn alban et apt (0 tty empleo o sri ney etd Sans st ac tps vaplyme e SEN yoo ces ene ref 220m 0) waa (0 son ein i wy a on he tt ney Dw he ree i a a enya Sepcoted Station (0) shonin i 2 ad a pt cb ene eof a ate fn Pn Pad ner tr os @ e ig 1: Maret ora (0 Aewrlenetry ste inky enod wahreshet oi fered a aranin ey ‘Ar ded ar bia sng ees iy dena the compere ISpiSl ays ya apd ak eh demand ave inhale moe opt tt niin ploymeet pepe denis pen thease ote day Ia tees ‘Fonte opt ol ge eke oi log) ‘te ineae i out ‘eae ei oe way reas {oT srt aM ae he eed Ga by oe. Bes Gey aaa OT ety es eat nat fe con he i tain Tsing ‘Nisin chute pry we mn area ett ad cena helt payments nt gece ‘Sng Delite alin te omy tpn wl ela area ‘maa i heen ove ass wal tn fot dead ith pss ander hase osm ees, ‘Notre sean! tet hl hr ee eae ‘therm fers nny akc ea on ei ty toe AD wal nian ea att CDP), empleo AIGA ror tf samen ELS 8 eperte un"22 bn ey gst rome 22 0 PAGES nme Howe, eiing AD lp rece atone ‘Ser the ps came, decline in oi ean ely SMa Pine it ems cnn, pte dover prea ‘SEmulalcnhesua Tin ere tng cre aot "ete cape leap or een ene eran hem gt Sd ean of (GT alpen by a nea In cee eee — (0) rg dem dag ence in ded ya. {GD Rent eno ch cee dead, a unre ‘Suerte Station (0) Tee Pg 21 shes» dma cave, wih iin ric ant cnty Tess age oo ee nd SSESISTRA DS an ewe fom Dy ine Sra ROVERS Stade a at 0, rpc rf ee 2, os ety Fett (a) Te tr pum cue chan na in demand ol Be ection | ony in erst wer i ed Stn io ris nd eae of eae poe i i ef» demand ad ly ga, hell of SST Lar eee or cy mesos ninking q Se | STTEIAATA LITA. - 444 rome 22 rscee |" 22004 septa Suggested Station oa co ’ ie ° ar Gay 8 Ty Rattpte i Sein Mig aceite Peas Maes isytiacha i smn etitvaltom ee whether (foe ade by can Pte eT yy eee he ‘Sitteafav nye poi ta ene cee Siete espa ured mp wal Sea eo epee eho Geng bor eyo at el In tae to denn Pig 8 chm ures sk hep yy ew ce ne ete of may ted emis at prranetsmyineree y ving see atone es (o) What ie many 9 bay? BI (0) Epis oan ond apy agra, iy me ia i leu iyi me % aurea Supposed Slton py amas trne cory = Comey ‘mae a = Saneesey = tne teem ae ‘he ina ici tw y=, Ma, et hing Smet teuycu weiter 8,8, fhenem nce ‘ea set as rey ha sen bye ago he nil rae ae cy a oe‘220 Spy mgs one 22 etn # Fora een ion wt nnn a aig fm ahve reece ‘tale andthe the poe tbl of ‘Deh a ht an fit he demand 8 re in a eg si, a ‘umrerava Suaened Slaton ‘Tease ty it ft be esd pou Tei a Tce el et (Spero fcr bey RoR Sieannetateaai einen gape Pet, Scho eeeaivees Sousnensdtcteaearaacun einige roma seamen kaye daca See eyeh ieccecemes Soir coee money reine i bang te a ie cor an te bia hig hen Weegee tr al RSID tect te cms ea ils (a Ban eng dant ad apy dagen, hw ESRC cS pcr and realm my fhe ai whet dein he dae ue fe oo unetr2 08 | 1 samaarpeen gt eet sy eerste = een ay ont ce = Bie et) coven = Senet epee oom” SEEELIALTA AAS TEA TE q ¢ 22. a Ent ‘Monn Onn sea ean yc bv ee a oe my rs at are dem Ba Te se fam ee ome Totti ens nthe tne ‘he dapurable income Bower the at, the higher is the demand for Bouse Selec Ty Ane ted ete aor ‘eel the oye em Uh i a era Ft Mead nether ese ae ever ‘Reconhdon sh hue wi fist dens te hue web Tapes toma wil nec and hi gases & ee wh Tay sreamg the ses i ioac te dea ins ‘uti 10 {2 ne wat eon ince he rea er ft ene {0 Ung ead ty agua ow a cn ie a rom es re oy 8 ee surg Suggested Stains (4) Te mand Hts 7 eld yo ro "Thay ar ye mee nt ra aa enact oot at seen tes a he St i ey poner ec Fes th pocampal mot ine if ic ae sey nes tae at ove ee "oe ere ring wl te th enn ese » gone 20 ranean 212.8008 9 naan wt ‘ae (tert a hit aor Srrowee pe, ‘yamo ey pty ech ‘heer ~— — Thee wu my len ee a cena nd ey ne (ange dnd wd muy haa nal onto nt on nee cpio pee syria fk a l sirs9s (bie rely es san nee in Sandi biguee(6 foreign Seed Satan (a) Dad i th winger and the ay toby 2 pra (0) Paar eel crit my i een be dead fb hye rm pod an ora ence wil cee the dona fetid. Sty fe nancies eae ree Soe ciated tee ae TEE IATL TTT TD mp ty oe Sedat» eo hg cong ees are sn Siem te bac om epee Soa ‘eton 18 Gammon icon bvinrin sesh neh td rte ng» Jeon and reply gr, male ef fe ngaten | tee ps i uy oe Suge Staton © enn sere at sree fon QoQ and eds oan nace te See ecm tof poo thy hs ec eee hk eft recent in ty od ch se sy ‘Tita itn ene he ie a ed ese omen yer ans pets seyret th eer th mw pon thinset xt see nat tent du ae ea ha a22 nn ph st roner2emeen } "| LREEESESEREES. ELITE TEElasticity of Demand and Suppl2.3. Eni Dr od a is "ft tied sto thy adn te pe ov‘ alec eo ‘Rate ee he pet ‘somo by fo 2X Damand wil fl 20, 1 Demand fly 8. © ener wi fi 205 D ener wi fl 958. 1 Apr ha alia pe ate demand ‘Rt wi hag tale if epee pot tn p20 Ae by 25% © ie ema oct D i wily 25. onrng3) 12 Fr wat weal pw ty of A cleating caret dipole 1 alelatig the eae of price Sor 1D ating anew nse ee eg rr) = iL AA AG as ace2 1 {Eons pon te oe epee educa ty 28 ay oe th 14 Te dara ste lye ‘ora ‘i eat he ye catty ogy ieee ie ois en De ‘avrrven =) 2 Pe ney tena ty lena Taare oan xeon rind sup he cin make [rsp] ory |i ei | til | sdb le inthe reete By deme fr irene) mene 18, Tet theme sale2 ree ened ge ‘Sone re a es #8 verreer hinting yomesasraes LANNE LYS 2M étemdnitey ___Tore. ety on ____ toric 2.3 —— stage ene ded at my tn jice Elasticity of Demand and Supply Sree erence serog aepay oar Sp tlc pr eee PAPER? _ ‘Sisctured Questions etn (2 aoe ri iy of ed on at ty el o rey ty of man ta ‘Sez Staton (a) Pi niyo Sean PHD isa ee fm ih doar ‘Songs neo ry ee lod woe te Pe toe Sang ‘ere nue of astra ud hag ren re a TESLA Up feces te wnday of bar a a Eo RU Nisan Sie acto SSREPERCS Sins demand Aer a othe ed ‘Tumis cau, Gon ouch a cl ap wo by SOUT teats dani ppd lo ea ‘SStiibinee sbesdmand nag sly ves i i dict te eros mat poe st pce sy ie snl danaa een gs KCNA Tinga areas inome ae aly be ce ae See SSSR MSE Stirs ae ecto and htt mi and ee ‘Siento i wale iin rose ange i EET CR Roce ae rte te Sona tm iy {pmo the prc a te ceo god em te ly fall Sand thy Ee pce te (0) Te knowin he ay fund wel a th cy ing yt saat etc sn a ee ‘Sener and pote changer ay pices A wl hey he ‘Sopa Sry an porn ing ato wih mani 1 ‘Sree eden pe sh be lovee wo ree TL tonto ing pts wel ee ren ‘lcdemd bdr ay tebe pon ior ay te tise gues kings paint peti ine Tee, ‘Peg be masa i wy ee pn ts al fait crip peace remem Howe ong al She ite espn nt iy ly. wh ita hey lary of deat ef pny ect ere Eee opey feb rhe pen hy Fs, Lae deta 2 Sing nee mars fe pen ree nlp (a) pain what en ase an empty salen esa of ent ome 0) Blin mea oy ie lat emo or hs op (swe wht abe yea em bo te po a. mas net is Supe Station ‘el sales ua en demand iy wh teal Tar smn ma sabe pe op fr pa cap dap n getty dona i es cmd of uate emer well pron enuey le ete’ emda tte posi ‘tty ema wil erat cer aerbr (nesta ar ea eat 0 fn he Rap Uy ey en OPE wal inate ae Orv i a (ros lant Tas wos enn tha fie oo Serene, tal reve os dc be Ie te | q oe Say nesese ue sich ove brea oe ice ent {a Ba wh mt by rer sity denn « fy teatwete xen! 1d Tami2s@zab) ‘Suerte Staton reat eet tbh cnn (© Set tne ange te oe poe 1 vane ania geaiy emda ‘Soon nen PED ig eat handed de ret hoe 8 (ec na St War PED i an pater ha pera pont en eres ad a sce rb a nly ee Fe aa noe set Sond Sastilemteueia ie 240 00010 ‘Siesta manu prin Pi 2¢ hie (rennin ay tp prose ent Tana eece hand ec anf nee CORSA eps ac on pie pine lig ‘Meee nf nih since pr Sd TEERa a Ws See epee ep wl cece clatter peta ache eave ‘Titra nce gen, ae ‘foelihnidke al epg st mae pote {Sone norin ope Sst nl + oe SoS" bane ie at epee ‘Sse ea of he yn np» ces TNR INS Z Wi LAAT A EER EET 2 ree yoda ath SenmtyHoweee with ete ‘ore eth demand he pester beth he soto ‘eon ¢ cin ot eto 20 Howe nly 207 the Gin mae me As Ctr hal ay 2 ion [= eter th dem shail wee eae i Suppose ain "The i ela emia ro ded pe thsi meee etna eater fan Serine ea wh rt enn et pars, nan ihe ite nis ny {and pre ome nv his ssh dary ‘nen ly be estoy oe asec re are my ee ace atest Sars Sry Aerie Moree ‘iat et bean of ch un be ear ta te on lc ret fier, he teed ea i dn red sy ia dc an Su ad Saks se ee a | (5) pn wht met by ie dtc of dona "0 0) yi the cone a rely a tiny ry al Met i omyrer@nne (a) Pe satya PED esate th to whi any imal ng Faloing» chang nthe foe te fo ‘sald oe poo. rorie23I, piece The mas hats aml gin rie wage the gsi demnied bot ED Hod inst Tins hat al cane np wl at ‘hinge mee 2 ety deh ie at a rte (6) he bn PD i ereney evn aye wh nc a ‘he rh sw he aii toon PED an alr IUPED sa gun, de be ee em een pe re ie rene PD inn npn wud eater em res ye frm a rae he erase eee ‘ole saps peng tae ensue ed ely sss ry along ao beQuen 7 suman un this he had fet oth mare (Pete ty pst fem (8.2m the ta wen of i laity ofa a omer@veat sree sin tec ra ne ee i cn pn ces eat SS atom SScavores er aimee me Soccernet’ fey saan PERL A ee ‘Smaad imal mina gue wh dems tence Se Sotiopeteireraiianacrioare (0) Tew the cnr of tty dem maitre Peas evindae hey ie ty fama wi ef de ln Spina be fre nen Dcng th peeing rd (Stour ta nears en ly fd per at ll ‘SESv penne et econ wh wl ee net eeu ‘Saud Talo me te pe (eth ee aed fpr lity demand ata i i wl ‘ctv he Sed wi fly eo an pos ‘sed iy ts mp ob Ege tp he pr nol ain Ste Cre wh rad ath doe ate claro, EEE 23th toa od ats rome 23.2 pace [cmetin Dest mee cy engl aid a i ning ete i wt ty a bin (0) Age ohy he ema (0 Be whether erent sl np int ts yo roach nate Sra Siege Salton (a) heat of and meses de en to wih he gaity sre ht won ne nn ane nr ‘Ait wn dom hg ty a rr pres a ny teats vher Sl Sey me ha {Gee i ow ds iy tr Sed un lpi te mca the pocae faPr cer2 le demands pnt ese My oe emy, demand wea te ute ened 2 ey wr ‘Tey ded weal ee Sir a ey pod ‘gern owas opts uty end wm ae (© tists ae ts ino en und avi: Toot sha mee inde tno eo hte Sema (When tienen oe ease ce th ead It en pl nl cmd ‘lieth pram pre sie rrmo shia hee ‘opr en or ae expen ho can mse ‘a tcc aka sab edn pa ith rs eso th garner ino rs emp unis gore eae oa th ee oman ‘hr ecu on ceaein pot nol ed om meen etn ie decent in nord Sindy te perenne net fly ‘roc ety el ‘et ann yc with se Send ‘ptt res oe tn Imp on tins pw rth th ic ay oe Giclee 0 Regenceis nentel ONS sor niceytemetningy 8 ore SE ont (San the wry ret pd ol and dn eb em ea ae an neg meee ek Sa ne yd init mee ert | Fup ite en her nf practi NE ain tr mn he ey oct mayb ind —— SS rn ns ee ‘Sate in ty ut The spy of tt lb ey le SESE footer np aig ek oy [ages tae pe ry apy in te et RALES tthe ere eat ed abs Sie oe Pere tee fay ream ciple ged, hes he ‘oat asin demand al yt Hlwee see te EES serve orf wr se le Me eh venation nti 10 tena 2918 in the Unite Rig el nae ig gt ASSETS Dare weer wer hoot met their San ‘Erm ar Sens an spy ots ee ree (Glng land mpi Sng mei The ahh ena typed pS change nt ey epee rte eH 22 resend Sah ‘ron 23 2 P08 1 usin 1 Pherae a mmter sf cmpeting is ane Tsim es ng enpton fn ne ptr doe al wn rear ‘icteric eas a mii (9) Wh i meaty aon sty of dem of = 257 o (0) Pgs tbe pet oe ay dem a arrow. irate Suppeed Station (ely aan Tae ‘per inon Ts marron See ‘Mey td ou mane (0) eos o PED weal hy 3 per i ters of ng sft prea baba et ana ec he ‘en yo ine we ri ne te I Patan poe er od by he the ‘Sula the precmone ants surge e csuein of a ‘Sllrpod schnapps ah iced {Tarn cert pte dist. Ho, {les rc ste tenn ye eral in ae ROE ASpcaet noe ef mgsng ds at orc ht pes oa hy demand fos pot may bee me ice eae ‘Sorgen may be me ‘pasieav ‘Septet Station rot pe aici pesca in i deo mr than x COMMENT ANSE ‘irene: ange uy dome Tos mesa fee cas 7% ua ‘Since ws ly Seder 0 8 cree ie wal * SOT Eset States seach MBSR te cae oie tensa wal abe pe upto BeeTaRc eee petacenweasterdaiey dee a SSURGEeetine mre de obtnaora pote eeeme Ss SESE Ge Sct woud te Sein npc uy ele nn BES Situpae peels aw mr imped deme Pram Kitveraieaichepsloprraprin doce sy dongs SDS SIREN isttite ete dpe tscn oad ind ame (Siitee ete angie dant Tar na! haus ily Bao as G2 Wtietace aeSntcneng run Tred tt estat Tl canon? (Seem wld hve congh nose fr sane ad od an Som AYPAPERT ‘Multiple Choice Guesions 2. 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