SA. Explain how microeconomics differs from macroeconomics. Which of the followingheadlines, taken from the various issues of The Daily Graphic, deal with microeconomics:a. "Nestle Ghana posted a 18% increase in sales"b. "GRIDCO plans to slash more jobs"c. "Ghana's Output Grew by 5.8%"d. "Housing starts soared 10% in September"e. "Ghana to Breach key Deficit Target it helped to create"Explain each issue why it is a microeconomic issue5.B Justina owns the Just's Sobolo Store. She charges GHS10 per bottle for herhandmadesobolo. You, the economist calculated the elasticity of demand forsobolo in her town to be 2.5. If she wants to increase her total revenue, what advice willyou give her and why?Be able to explain your answer.

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SA. Explain how microeconomics differs from macroeconomics. Which of the following headlines, taken from the various issues of The Daily Graphic, deal with microeconomics: a. "Nestle Ghana posted a 18% increase in sales" b. "GRIDCO plans to slash more jobs" c. "Ghana's Output Grew by 5.8%" d. "Housing starts soared 10% in September" e. "Ghana to Breach key Deficit Target it helped to create"

SA. Explain how microeconomics differs from macroeconomics. Which of the following headlines, taken from the various issues of The Daily Graphic, deal with microeconomics: a. "Nestle Ghana posted a 18% increase in sales" b. "GRIDCO plans to slash more jobs" c. "Ghana's Output Grew by 5.8%" d. "Housing starts soared 10% in September" e. "Ghana to Breach key Deficit Target it helped to create"

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter1: The Role And Method Of Economics

Section: Chapter Questions

Problem 4P

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