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Recent content by Muhammad Alam

Discuss doubts: P1 and P2 Economics AS

No, the price is higher, but cost is same, so, profit is higher for the seller of the imports. as quota decreases supply, price is raised.however, it cannot be said whether 'net profit', i.e: total revenue minus total cost, will increase or decrease. but, that was not what the question asked, as...
- Muhammad Alam
- Post #68
- May 21, 2012
- Forum: A-Levels
Discuss doubts: P1 and P2 Economics AS

Sir, the question was not this. an inward (left) shift of PPC was shown, and the retirement age option was related to 'increase' in retirement age as far as i remember. And, i guess left shift is caused by decrease in the labor force, so increase in retirement age must have caused a right shift...
- Muhammad Alam
- Post #66
- May 21, 2012
- Forum: A-Levels

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