Question: Solve the question.. How do choices end up determining what, how, and for whom goods and services are [05] produced? Graphically explain efficient, inefficient, attainable

Solve the question..

How do choices end up determining what, how, and for whom goods and services are [05] produced? Graphically explain efficient, inefficient, attainable and unattainable points in PPF. Define difference types of elasticity. On Tuesday, price and quantity demand are Tk 7 [05] and 120 units respectively. Ten days later, price and quantity demand are Tk 6 and 150 units respectively. What is the price elasticity of demand? Which factor that influences change in buying plan, other than price of good? Find out market equilibrium price and quantity from the demand function: QD = 15-4p and supply function: Qs= - 1+ 6p. Show it graphically

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