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ECS Nov 2016 memo. (a) Differentiate between “economic resources” and “non economic resources”. Over this price range, the demand curve is A. fairly inelastic B. fairly elastic C. perfectly inelastic D. perfectly elastic. Worried or nervous about your CA foundation examinations?In Spite of covering the full CA Foundation syllabus 2020 you are not getting surety that you will clear the exam or if you are preparing for the Rank. These exams are from Professor William Wheaton's course site, 14.01 Principles of Microeconomics, Fall 2007, and are used with permission. CS PART I SECTION 2. 1. (d) A firm operating under a monopoly market structure has the following demand and cost functions: P is the price in thousands of shillings. Exam 14 February Summer 2018, answers. 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