4
3
Paragraph
abcx, x' A. A.
2
Font
20% increase in coca cola demanded. (4...
4
3
Paragraph
abcx, x' A. A.
2
Font
20% increase in coca cola demanded. (4 Mar
c. Demand for coca cola is price elastic and coca
d Falling Pepsi cola prices will increase revenu
and Pepsi cola. (4 Marks)
e. A 2% price reduction would be necessary to
income. (4 Marks)
f Pepsi cola and coca cola are close substitute
QUESTION FOUR
A) Write short notes on the following [] Mark each
i. Land
Centrally-Planned Economy
iii. Price Elasticity of Demand
עו
Price
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