Q. NO.1 Describe the role of prices inmarket econoics. Define the equilibrium of

Question

Q. NO.1    Describe the role of prices inmarket econoics. Define the equilibrium of a market. Describe thefroces that move a market toward its equilibrium. Q. NO.2.    Discuss in detail the effect ofpetroleum on the quality of production supplied in the market forthe last two years. Use data from Economic Survey of Pakistanand other related reports. Q.NO.3.   During 1990s, technological advancereduced the cost of computer chips. How do you think this affectedthe market for computers?. i). For computer Software. ii). For typewriters. Q. NO.1    Describe the role of prices inmarket econoics. Define the equilibrium of a market. Describe thefroces that move a market toward its equilibrium. Q. NO.2.    Discuss in detail the effect ofpetroleum on the quality of production supplied in the market forthe last two years. Use data from Economic Survey of Pakistanand other related reports. Q.NO.3.   During 1990s, technological advancereduced the cost of computer chips. How do you think this affectedthe market for computers?. i). For computer Software. ii). For typewriters.

Explanation / Answer

Q. NO.1    Describe the role of prices inmarket econoics. Define the equilibrium of a market. Describe thefroces that move a market toward its equilibrium. Q. NO.2.    Discuss in detail the effect ofpetroleum on the quality of production supplied in the market forthe last two years. Use data from Economic Survey of Pakistanand other related reports. Q.NO.3.   During 1990s, technological advancereduced the cost of computer chips. How do you think this affectedthe market for computers?. i). For computer Software. ii). For typewriters.

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