- Messages
- 47
- Reaction score
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hey sir what papers should we do for paper 3
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I am feeling good to hear it from you.variant 21 , characteristics n functions of money came, i did that one
sir how about paper 3? what years do u recommend we do ?I am feeling good to hear it from you.
Try to do maximum possible.sir how about paper 3? what years do u recommend we do ?
Sir what will producers do if there is a shortage because of maximum price limit?? Will supply be increased or not?Try to do maximum possible.
Nope, they'd never increase the supply. There would be shortage if the maximum price is imposed below the market clearing price. In case this happens, the government can either provide subsidy to the producers so that they increase the supply or provide the goods from buffer stock management.Sir what will producers do if there is a shortage because of maximum price limit?? Will supply be increased or not?
Ah thought so, that means i messed up my 12 marks answer in exam... i was in a hurry to complete the paper :/Nope, they'd never increase the supply. There would be shortage if the maximum price is imposed below the market clearing price. In case this happens, the government can either provide subsidy to the producers so that they increase the supply or provide the goods from buffer stock management.
Ah thought so, that means i messed up my 12 marks answer in exam... i was in a hurry to complete the paper :/
half of the question i answered correctly, and in the end also mentioned about supply increasing to reduce shortage.
But in the middle instead of writing the gov will give subsidy i wrote producers will increase.
Paper 2's prep was so good i can't believe i just made a silly mistake like this. that means we should practice writing speed alotits okay yaa
u have rest 38 marks naa
don't worry
Paper 2's prep was so good i can't believe i just made a silly mistake like this. that means we should practice writing speed alot
Paper 2's prep was so good i can't believe i just made a silly mistake like this. that means we should practice writing speed alot
Silly mistakes are so disappointing. They make you destroy the only the chance to show your prep </3
You'd get marks for showing that suppliers would increase their supply but examiners would deduct your marks for not writing why they would increase the supply. In case if suppliers increase the supply, it would mean that price of a product would fall. Why would any rational supplier want that?Ah thought so, that means i messed up my 12 marks answer in exam... i was in a hurry to complete the paper :/
half of the question i answered correctly, and in the end also mentioned about supply increasing to reduce shortage.
But in the middle instead of writing the gov will give subsidy i wrote producers will increase the supply.
Do think i can still get marks for the graph showing increase in supply to solve shortage?
or will there be no marks counted from my mistake onwards?
Yes this was the first thing I thought as soon as I left exam hall "why did I write the producers will I increase supply? Shoot!,You'd get marks for showing that suppliers would increase supply but examiners would deduct marks for writing why they would increase the supply. In case if suppliers increase the supply, it would mean that price of a product would fall. Why would any rational supplier want that?
Insha'Allah.Yes this was the first thing I thought as soon as I left exam hall "why did I write the producers will I increase supply? Shoot!,
But I hope I get marks for showing the graph of increased supply and the conclusion
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