40 minutes for each question
30 minutes for the two first questions, then an hour for the last
50 minutes for the two first questions, then 20 minutes for the last
"The market-clearing price, where Demand=Supply"
"The price at which there is no excess demand or supply"
"Equilibrium is a point where demand equals supply"
"The price at which quantity demanded equals quantity supplied"
No, only two marks
No, only three marks
4/4 (full marks)