A Level Economics:

[RoOk1303]

Thank you so much for the guess paper sir!

 

[Qamar Baloch]

Thank you so much for the guess paper sir!

You are always welcome dear

 

[Qamar Baloch]

Guess p4 is available on page 60 of this thread.

 

[Qamar Baloch]

Guess is available on page 60 of this thread.

 

[Qamar Baloch]

You may post your issues in MCQS paper 1 here. Discussion will make it easy to understand the concept.

 

[kaka g]

There's an Mcq, "what does NOT cause the demand curve for a good to shift its position?" Choices: a) advertising expenditure b) consumer tastes c) the price of substitute goods d) the price of the good... And the correct answer is D. Can someone explain why is it so?

 

[kaka g]

If a free market is in equilibrium, price is higher/increased (w.r.t disequilibrium).. in a Command economy, price would be lower in equilibrium, right?

 

[Junaid Malik]

The price of the good is the only thing that causes a movement along the demand curve, the rest cause a shift of the demand curve

 

[kaka g]

Ok thank you.
Another one, a country's terms of trade increased from 100 to 120?, if export prices increased by 50% what was the change in the price if the country's imports? I was thinking its (plus) 30% but the correct answer is (plus) 25%, why???

 

[Qamar Baloch]

See page no. 60 for Guess paper 4

 

[Qamar Baloch]

Wish all of you very best of luck for AS P1 tom.

 

[Qamar Baloch]

Don't miss page 60 it contains A2 P4 guesss

 

[rjcooo1]

Can someone help me with s03 p1 question 21 please

 

[kaka g]

Oct nov 11 p12 q9 help!!!

 

[Qamar Baloch]

I wish all of AS ECO P1 students very best of luck!

 

[Qamar Baloch]

Hope P1 did go well.
Now its time to prepare for paper 4

 

[borntoperform]

Can we discuss P1 questions

 

[rizwan abdul razzak]

There's an Mcq, "what does NOT cause the demand curve for a good to shift its position?" Choices: a) advertising expenditure b) consumer tastes c) the price of substitute goods d) the price of the good... And the correct answer is D. Can someone explain why is it so?

the price of the good causes a movement along the curve (up or down), not a shift. Shift is when the whole demand changes. For eg: changes in the tastes and fashion decreases it's demand resulting a permanent shift in the curve!
hope you get the point made!

 

[rizwan abdul razzak]

Ok thank you.
Another one, a country's terms of trade increased from 100 to 120?, if export prices increased by 50% what was the change in the price if the country's imports? I was thinking its (plus) 30% but the correct answer is (plus) 25%, why???

You will get the answer from the formula, you just have to substitute the values.
120=150/x multiply with 100.
Which is 150*100/120.

 

[rjcooo1]

Oct nov 11 p12 q9 help!!!

If you draw the subsidy diagram 5 cents will be taken by the producers to put into their costs of production thus remaining with 10 cents as market price