Activity 4 Study the picture below and answer the questions that follow. First in First Out Milk Wheal Smells like somebody forget to rotate. 4.1 Name the type of goods that are shown on the above cartoon. 4.2 Identify the concept that is used to describe the quantity of goods that producers are willing to sell. 4.3 Describe the term 'profit' 4.4 What would happen to the production of ice cream when all resources (milk) is focused towards the direction of yoghurt. 4.5 How can subsidies affect the supply of goods / services? (1) อล (1) (2) (2 (4)
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