Distinguish between quantity demanded and change in demand, Microeconomics

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Distinguish between quantity demanded and change in demand

Question 1: Distinguish between quantity demanded and change in demand with the aid of diagrams.

Question 2: Explain why the demand curve has its unique downward slope.

Question 3: Explain what is meant by market equilibrium by means of a diagram in which the relationship between demand and supply are clearly shown

Question 4: Define the following terms as applied in agriculture

Specialization
Diversification

Question 5: Discuss threats and opportunities that farmers are likely to have when opting

For diversification

Question 6: Discuss various reasons why do farmers opt for specialization

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Microeconomics: Distinguish between quantity demanded and change in demand

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Microeconomics: Distinguish between quantity demanded and change in demand

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