Q.
a)
Define economic systems. What do you mean by saying that the Malaysian economy is a mixed economy. (10 marks)
b)
i) Explain the meaning of demand. Why is the market demand curve sloping downward. (5 marks)
ii) Explain diagrammatically how prices are determined by the free forces of demand and supply. (5 marks)
(20 marks, 2012 Q1)
No comments:
Post a Comment