QUESTION 9 has the absolute advantage in catching fish andhas the absolute advan

Question

QUESTION 9 has the absolute advantage in catching fish andhas the absolute advantage in gathering coconuts ?Eli; Hannah O Hannah; Eli O Eli; Eli O Hannah; Hannah QUESTION 10 has the comparative advantage in catching fish andhas the comparative advantage in gathering coconuts O Eli; Eli 0 Hannah: Hannah OEli; Hannah O Hannah; El QUESTION 11 The law of demand refers to how demand changes when people's incomes change. the quantity demanded changes when the price of the good changes. demand changes when the prices of substitutes and complements change. the quantity demanded changes when the demand for the good changes. QUESTION 12 A change in the demand for apples could result from any of the following EXCEPT a change in income. a change in the price of an apple. a change in the price of a banana increased preferences for fresh fruit consumption for health reasons

Explanation / Answer

Ques 11. (b) the quantity demanded changes when the price of the good changes.

The law of demand expresses that different components being consistent (cetris peribus), price and quantity demanded of any good or service are contrarily identified with each other. At the point when the cost of an item builds, the demand for a similar item will fall. In this question, people's income, price of substitutes and demand of the good are the other things that need to kept constant.

Ques. 12. (b) a change in the price of an apple.

A change in the price of apple could make the demand curve contract or expand but it will not change the demand curve.

Question 9 and 10: a question needs to be provided, these can be answered only then.

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