Write down the definition of "supply curve".
Is the supply curve positively sloped or negatively sloped?
Explain why by pointing out the foundamental economic assumption
that determines the slope of the supply curve.
Write down the definition of "supply curve".
Is the supply curve positively sloped or negatively
sloped?
Explain why by pointing out the foundamental economic
assumption that determines the slope of the supply curve.
this is fluid mechanics question
a)sketch performance curve of a pump on a head against
volumetric flow rate axis
b) label shutoff and delivery points.
c) on the same axis sketch a system curve and label operating
point.
this is fluid mechanics question
a)sketch performance curve of a pump on a head
against volumetric flow rate axis
b) label shutoff and delivery
points.
c) on the same axis sketch a system curve and
label operating point.
4. Explain why the aggregate supply curve is positively
sloped during the short run and vertical in the long
run.
5. List some examples of factors that will shift the
aggregate demand curve.
6. List some examples of factors that will shift the
long-run aggregate supply curve.