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  1. S

    ECONOMICS P12 ANSWERS

    I am sorry but you are wrong maximum price is meant so that price shouldn't increase from the given point and should fluctuate between the point according to forces of demand and supply...In the question it was given maximum price above equilibrium so the price set by forces of demand and supply...
  2. S

    Economics 12

    it was 0.16 increase... very easy cross elasticity was give and % increase in price also u needded to find %change in demand....am i right??
  3. S

    Economics 12

    answer ov first was b or c??
  4. S

    ecomomics paper 1 ???

    any tym...
  5. S

    ecomomics paper 1 ???

    d is right answer ... inorder to produce socially optimum level msb =msc...
  6. S

    ecomomics paper 1 ???

    it is too simple you CANNOT draw an aggregate supply curve without price.... but u can draw suppl curve by assuming other option constant such as technology.... hope u understood
  7. S

    ecomomics paper 1 ???

    yes becoz inorder to make a relation between price and supply we dont assume price same ... if we aassume it same then how come supply curve could be made using price constant. Hope u got my point.
  8. S

    ecomomics paper 1 ???

    yes for sure if the steel mill is working with negative externality of bad health, then the individuals that live around the mill will be willing to pay up to the cost that they are incurring from health care....thus production of hospital directly depends on the production of steel mill...
  9. S

    ecomomics paper 1 ???

    A and D are irrelevant and C is correct option because if there is joint production than there wouldn't be two firms ther wud be one only either x or y so as there are two so it implies that there's externality
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