AS Level ECONOMICS P1 (Discussion) - M/J/2013

[SalmanPakRocks]

what answer did u mark for that RPI question? rate of change in inflation?

2012

 

[-V!p3R-]

2012

D ?

 

[SalmanPakRocks]

D ?

Yeah! what was the answer for unemployment benefit one? And the one for nominal and real effective exchange rate?

 

[-V!p3R-]

i just made a random guess of C in unemployment one....
However for real and nominal ER i am 101% sure it is A though i changed by answer at the last moment to B

 

[SalmanPakRocks]

i just made a random guess of C in unemployment one....
However for real and nominal ER i am 101% sure it is A though i changed by answer at the last moment to B

You made my day :') I randomly selected A.
And for unemployment one, I selected D!

 

[WayneRooney10]

The answers to the last four questions were all C's

 

[WayneRooney10]

You made my day :') I randomly selected A.
And for unemployment one, I selected D!

What unemployment question? Question 1?

 

[SalmanPakRocks]

The answers to the last four questions were all C's

Yup

 

[SalmanPakRocks]

What unemployment question? Question 1?

Nah, the one they gave the table for unemployment benefit and the unemployment rate?

 

[WayneRooney10]

Nah, the one they gave the table for unemployment benefit and the unemployment rate?

Oh...can't remember that question. Did you choose 0.33 pounds for that transport costs question?

 

[SalmanPakRocks]

Oh...can't remember that question. Did you choose 0.33 pounds for that transport costs question?

Nah, I chose 1.50. I made some weird calculations and the answer came 1.50.

 

[Lostsoul]

Variant 12

Pheeeww! I did variant 1 and the paper was easier than I see how v12 was

 

[-V!p3R-]

Nah, I chose 1.50. I made some weird calculations and the answer came 1.50.

Brother i did the same thing

 

[-V!p3R-]

Pheeeww! I did variant 1 and the paper was easier than I see how v12 was

u do have the paper?

 

[Waleed007]

What was the answer to that elasticity of demand?
Infinite or zero?

 

[SalmanPakRocks]

What was the answer to that elasticity of demand?
Infinite or zero?

infinite.
That's because in that case, the price would be perfectly elastic and it'd be parallel to x axis, in this way, no matter how much the demand curve/supply curve shift, the equillibrium price would not change!

 

[Lostsoul]

I did the paper yesterday.. when you guys did v2. LOL! I reside in Africa obvioulsy different papers for different zones

 

[Waleed007]

infinite.
That's because in that case, the price would be perfectly elastic and it'd be parallel to x axis, in this way, no matter how much the demand curve/supply curve shift, the equillibrium price would not change!

You beauty brother!!! :-D

 

[fcbayernmunchen]

Answer for them two statements? 'An increase in the price of Maize will result in a decrease in the demand for Maize.' I don't remember the second statement..

 

[Waleed007]

Answer for them two statements? 'An increase in the price of Maize will result in a decrease in the demand for Maize.' I don't remember the second statement..

1 correct and 2 incorrect