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not done the paper but giv me the linkhey dude, have u done Q25 of october 2005. plz explain if u know how to solve it.
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not done the paper but giv me the linkhey dude, have u done Q25 of october 2005. plz explain if u know how to solve it.
This paper is not available on xtremepapers. i will try to find it somewhere else.not done the paper but giv me the link
I have read it many times but has failed to understand!!So I wud appreciate if you would explain it briefly.yes it is. if you have the second edition of economics book go to page 263 and read that part about J-curve and if you dont understand then come back here.
I hav da same problem too!!I have a very silly doubt, I don't get normative and positive statements. I know normative statements express an opinion but every time i solve these Ques, I get them wrong. So please help.
Im panicking right now, economics p12 tomorrow, can someone please solve these questions and till me the logic to it!PLEASE HELP!!!!! THANKS A MILLLION
qns 3- i tried placing values but it showed fall in opportunity cost! can you explain with values!
qns 11-ohh.....i get it thanks alot!
I guess i'll be the first to do the paper before all of you'll?!?!
Plz help me with my doubts. I have posted them twice.! Please and thank you!!
I AM SO FREAKED OUT TOO!!!
GOOD LUCK EVERYONE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! DO WELL
thankyou so much! you saved me!!! except can you explain the s06 qp1 question 1 again, the one one interest rate and opportunity cost? thank you SO much!http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w11_qp_11.pdfQue 1 - Opt A B n D will lead to a outward or inward shift of the PPF. Only opt C will result with ineffiency. - unemployment.
Que 7 - Ans D coz increase in wage rates will increase the firm' cost of prod and hence make it shift to the left and the change in consumer preference will shift the demand curve, however it creates a upward movement along the supply curve!
Que 11- All the supply curves start through the origin, which makes it unitary elastic.
http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_w06_qp_1.pdf
Que 10 - low PES means that the supply is insensitive to any change in price. So no matter how high a price is the producers are not at a position to increase their supply. SO when goods are perishable, this will be the case!
Que 11- Failure in a major coffee producer will make the supply curve of COFFEE to shift to the left. Prices go up FOR COFFEE. Since coffee and tea are substitutes, rise in pprice will lead to a increase in the demand for tea. So ans = C
http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_s06_qp_1.pdf
Que 1 - ans = D this is becoz, when you consume more, you're opportunity cost will be the interest you would have obtained, had you invested the money elsewhere.
Que 7 - Its unitary elastic. So change in price will lead to a equal % change in Qd. However the tot.spending has to remain the same.
Got it??
even i get a few wrong....but what i do with it is......normally they ask us to find normative statements and i see the option and i think whether what they are saying is proven.....like some info i know that makes it a positive statement and then cancel out wrong optionsI have a very small doubt, I don't get normative and positive statements. I know normative statements express an opinion but every time i solve these Ques, I get them wrong. So please help I posted this earlier as well. Really need help!!!
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