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Exam is tommorow and still no guess paper please hurry up sir !Guess for AS/A Level Economics for Nov 2015 will be posted here. Keep watching it.
Finally xtp is working.
If you need A2 notes then do let me knowSir Qamar Baloch .. would you mind in uploading scheme of work of A level Economics .. I am a private candidate so I would be grateful if you could help me
Sure please ... I would be very thankful to you ... and can you give me tips as well on this subject ...If you need A2 notes then do let me know
Pm meSure please ... I would be very thankful to you ... and can you give me tips as well on this subject ...
I need help for AS Economics essay question. I'm quite confused while answering it. Any tips for it? Thanks!Dear Students,
The guess paper for AS & A Level Economics will be posted here a week before exams. Keep watching this thread. You may also post your problems here for discussion.
I need help for AS Economics essay question. I'm quite confused while answering it. Any tips for it? Thanks!
Thank you so much! Any idea for the 12 mark question?The 8 mark one is easy tbh, 12 mark is the real difficult one.So ill start with 8 Mark, First see what the question is about.For example:
Q(a).Explain, using elasticity of demand, why a train company might introduce a policy of raising fares at busy travel times and lowering fares at less busy travel times.(8)
ANS(a).make a format of it since 8 mark question is splited into 2.4 marks for intro and 4 for connecting to the case.
-Explain Price Elasticity Of Demand
-Formula for calculating PED, do explain the formula result.
-Elastic and Inelastic Demand Diagram( explain these as well or you can explain with the case connected)
This will complete you're intro and get you 4 marks.Let's come to the case part.
Now train company has introduced the policy of raising fares at busy times this will be inelastic demand for consumers as they will travel at whatever the price is since it is necessity for them.here you can connect with inelastic demand diagram and explain the diagram in reference to train fares and consumers response.
Now same goes for lowering fares, As there is no necessity of travel people will go by walk or many other ways so this is elastic demand and it is a luxury.As we know smaller change in price bring greater change in qty demand.So again connect the elastic diagram and explain it with reference to fares and consumers response.
Here is your 8 mark answer, I hope it helped.
For the 12 mark one you need to give judgmental statement, so for that you need to talk about the whole case properly give both the sides +ve and -ve after you will conclude accordingly as which is relatively better.Okay but again if you need all 4 marks in conclusion you need a solid reason of choosing that and dont have something repeated or else you would loose marks.Thank you so much! Any idea for the 12 mark question?
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