Economics of tourism UE Past Papers Questions.


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(2288) Question Category: Short answers

Briefly explain the following terms as applied in demand theory

  1. Equilibrium quantity
  2. Equilibrium price

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(2289) Question Category: Mathematical Calculation

If the demand and supply curve for handcrafts at Lake Manyara NP are D=100-6P, S=28+3P, where P is the price of handcrafts, S is quantity supplied, D is quantity demanded. What is the quantity of handcrafts bought and sold at equilibrium?

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(2290) Question Category: Short answers

Explain what does a `long run period ` in production of goods imply.

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(2291) Question Category: Short answers

In economic terms, describe the `consumers surplus` concept.

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(2292) Question Category: Short answers

Explain the role of fiscal policy in overcoming recession and in achieving economic stability at full-employment level.

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