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English, 10.06.2021 03:30 MahiraBashir

Groun Bi Answer any five questions. [5*5=25) Explain and illustrate how equilibrium is attained from the interaction
between demand and supply.
Differentiate micro and macro economics.
What do you mean by factor of produc tion? Explain the features of Labo
What is price elasticity of demand? Explain its types with figures.
What is law of supply? Explain its detern inants.
Define complementary and sul stitute goods with examples.

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